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Trump to drop preferential trade treatment for India; Delhi plays down impact

Updated : March 05, 2019 01:44 PM IST

Trump, who has vowed to cut US trade deficits, has repeatedly called out India for its high tariffs, and US trade officials said scrapping the concessions would take at least 60 days after notifications to Congress and the Indian government.
"I am taking this step because, after the intensive engagement between the United States and the government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India," Trump said in a letter to congressional leaders.
India is the world's largest beneficiary of the GSP program and ending its participation would be the strongest punitive action for the South Asian nation since Trump took office in 2017.
Trump to drop preferential trade treatment for India; Delhi plays down impact

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