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Deficit, GSP and California almonds: All you need to know about India-US trade

Updated : February 24, 2020 01:24 PM IST

Earlier, Trump has decried India for its trade surplus with the United States. He has also gone on to brand India “king of tariffs”.
The two countries have imposed tariffs on each other’s imports, while in a big blow to India, the United States took it off its Generalized System of Preferences (GSP) that gave India certain privileges in trading with the United States.
However, the United States’ trade deficit with India is well below a slew of other countries.
Deficit, GSP and California almonds: All you need to know about India-US trade

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