Washington DC, Sept. 2 -- US Treasury Secretary Scott Bessent expressed confidence that India and the US will resolve trade friction between them, as he believed that New Delhi's values are much closer to Washington than to China and Russia.

In an interview with Fox Business, Scott Bessent, however, downplayed the significance of the Shanghai Cooperation Organisation (SCO) Summit, calling it "largely performative."

"This is a longstanding meeting, it's called the Shanghai Cooperation Organisation and I think it's largely performative," Bessent said. "I think at the end of the day, India is the most populous democracy in the world. Their values are much closer to ours and to China's than to Russia's."

"I think at the end of the day, two...