Fri, 29 Mar 2024 Today's Paper

Trump plans to end India’s preferential trade treatment

5 March 2019 10:09 am - 2     - {{hitsCtrl.values.hits}}

A A A

US President Donald Trump has said on Monday that he intends to end India's preferential trade treatment under a programme that allows $5.6 billion worth of Indian exports to enter the US duty free, NDTV reported.

Trump, who has vowed to reduce US trade deficits, has repeatedly called out India for its high tariffs.

"I am taking this step because, after intensive engagement between the US and the Government of India, I have determined that India has not assured the US that it will provide equitable and reasonable access to the markets of India," Trump said in a letter to congressional leaders.

The US Trade Representative's Office said removing India from the Generalised System of Preferences (GSP) programme would not take effect for at least 60 days after notifications to Congress and the Indian Government, and it will be enacted by a presidential proclamation.

The US goods and services trade deficit with India was $27.3 billion in 2017, according to the US Trade Representative's Office.

India is the world's largest beneficiary of the GSP program and ending its participation would be the strongest punitive action against India since Trump took office in 2017.

US-India trade ties were hurt after India unveiled new rules on e-commerce that restrict the way Amazon.com Inc and Walmart Inc-backed Flipkart do business.

The e-commerce rules followed a drive by New Delhi to force global card payments companies such as Mastercard Inc and Visa Inc to move their data to India and the imposition of higher tariffs on electronic products and smartphones.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 2

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Mano Wednesday, 06 March 2019 05:23 AM

    Trump is treating India as a third rate power, this is what India is.

    Subramaniam Mahendran mm Wednesday, 06 March 2019 07:45 AM

    Good taking everything from us and betraying us policies


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H