President Trump effectively terminated India’s preferential trade status under the c (GSP) via proclamation Friday.
The decision removes India’s status as a beneficiary developing country, effective Wednesday.
“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump stated. “Accordingly, it is appropriate to terminate India’s designation as a beneficiary developing country effective June 5, 2019.”
The Trump administration has said concerns over market access for U.S. goods being exported to India led them to withdraw the benefits, which prohibited duties on about $5.7 billion in imports in 2017, according to the Congressional Research Service.
India’s government responded in a statement, noting its desire to “find a mutually acceptable way forward.” It ultimately described Trump’s decision as “unfortunate.”
Your Christian Family Is Being Hunted Like Animals and Exterminated in Nigeria – Will You Ignore It?
Talarico makes stunning claim about why he thinks Texas elections aren’t ‘free and fair’
Watch: Fox Host Responds with Open Disgust as Anti-ICE Antagonist Attacks a Reporter for Daring to Video Their Behavior
Seattle socialist mayor mocked for ‘irony’ as residents build walls to stop out of control shootings
Chaotic border chase ends with illegal immigrants found crammed in semitruck sleeping area
Video shows illegal aliens found crammed inside semi-truck sleeper cab in alleged smuggling bust
DOJ sues UCLA over alleged ‘Judenrein’ conditions during anti-Israel encampment
EXCLUSIVE: DHS blasts sanctuary leaders after illegal immigrant accused of bat attack freed from jail
Christian Lifeguard Punished for Removing Pride Flag Is Headed to Trial After Being Told His ‘Religious Beliefs Don’t Matter’ by Gov’t Boss – Lawsuit
Fact Check: Is the Bible ‘Silent on Abortion,’ as James Talarico Claims?
NASA chief pulls back curtain on Trump UFO files after bizarre finds surface in buried fed records
Report: NBA Team Could Interview Woke Women’s College Coach for Head Coaching Job
Democrats break with scandal-plagued Graham Platner, warn of ‘civil war’ in party
Uganda closes border with Congo after surge of rare Ebola cases
Anna ‘Delvey’ Sorokin still posting from New York City as DHS signals her deportation may finally be coming
“India as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward. It is unfortunate that this did not find acceptance by the US,” India’s government stated.
“India, like the US and other nations shall always uphold its national interest in these matters,” the statement continued. “We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach.”
Commerce Ministry issues a statement over designation of India as a beneficiary developing country being terminated by the US. "India had offered resolution on significant US requests to find a mutually acceptable way forward. Unfortunate that this didn't find acceptance by US." pic.twitter.com/sb0nejwcsp
— ANI (@ANI) June 1, 2019
Your Christian Family Is Being Hunted Like Animals and Exterminated in Nigeria – Will You Ignore It?
Talarico makes stunning claim about why he thinks Texas elections aren’t ‘free and fair’
Watch: Fox Host Responds with Open Disgust as Anti-ICE Antagonist Attacks a Reporter for Daring to Video Their Behavior
Seattle socialist mayor mocked for ‘irony’ as residents build walls to stop out of control shootings
Chaotic border chase ends with illegal immigrants found crammed in semitruck sleeping area
Video shows illegal aliens found crammed inside semi-truck sleeper cab in alleged smuggling bust
DOJ sues UCLA over alleged ‘Judenrein’ conditions during anti-Israel encampment
EXCLUSIVE: DHS blasts sanctuary leaders after illegal immigrant accused of bat attack freed from jail
Christian Lifeguard Punished for Removing Pride Flag Is Headed to Trial After Being Told His ‘Religious Beliefs Don’t Matter’ by Gov’t Boss – Lawsuit
Fact Check: Is the Bible ‘Silent on Abortion,’ as James Talarico Claims?
NASA chief pulls back curtain on Trump UFO files after bizarre finds surface in buried fed records
Report: NBA Team Could Interview Woke Women’s College Coach for Head Coaching Job
Democrats break with scandal-plagued Graham Platner, warn of ‘civil war’ in party
Uganda closes border with Congo after surge of rare Ebola cases
Anna ‘Delvey’ Sorokin still posting from New York City as DHS signals her deportation may finally be coming
India’s lawmakers have been warning of crushing economic times. Trump’s move serves as yet another blow.
Bloomberg added:
Indian lawmakers warned of a potential economic crisis. Trump’s decision was a “double whammy” after the nation “succumbed to U.S. pressure” by not buying crude oil from Iran on favorable terms, Randeep Surjewala, chief spokesman of the National Congress Party, said Saturday, according to the Economic Times.
“We urge Prime Minister Narendra Modi to make a comprehensive statement on the issue to the nation and place before the public a way forward to overcome this grave trade and economic crisis,” Surjewala told reporters.
Story cited here.
