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.”
Senator John Kennedy introduces America to ‘Margaret,’ his elliptical trainer named after Thatcher
Waymo driverless cars overrun Atlanta neighborhood, circling cul-de-sacs and alarming families with kids
Lithuania and Poland forecast ‘military aid’ to help open Strait of Hormuz amid denials of US troop reductions in region
From Revival to Reformation: Why I’m Running for Governor of California
Here’s Where the Redistricting Wars Stand as the 2026 Midterms Approach
Trump Urged to Address Plight of Persecuted Chinese Minorities During Beijing Visit
In the Battle for School Choice, Families Get Stuck in the Middle
Fox News Campus Radicals Newsletter: Detransitioner drama, sex toy giveaways, shocking bathroom find
Colorado governor commutes Tina Peters’ sentence as Trump posts ‘FREE TINA!’
Supreme Court deals blow to Virginia Democrats in fight over state court ruling
Eric Trump Announces Lawsuit Against Jen Psaki, MS NOW for ‘Blatant Lies’ About China Business Ties
Navy veteran Rocky Rochford seeks to turn Tampa Bay red, unseat 20-year House incumbent
Trump Reveals Waterfront Site for Long-Planned National Garden of American Heroes
Minnesota Medicaid operator’s bankruptcy-to-riches rise crashes into fraud probe
Trump hits dramatic milestone in massive departure from Biden border plan: ‘What a difference’
“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
Senator John Kennedy introduces America to ‘Margaret,’ his elliptical trainer named after Thatcher
Waymo driverless cars overrun Atlanta neighborhood, circling cul-de-sacs and alarming families with kids
Lithuania and Poland forecast ‘military aid’ to help open Strait of Hormuz amid denials of US troop reductions in region
From Revival to Reformation: Why I’m Running for Governor of California
Here’s Where the Redistricting Wars Stand as the 2026 Midterms Approach
Trump Urged to Address Plight of Persecuted Chinese Minorities During Beijing Visit
In the Battle for School Choice, Families Get Stuck in the Middle
Fox News Campus Radicals Newsletter: Detransitioner drama, sex toy giveaways, shocking bathroom find
Colorado governor commutes Tina Peters’ sentence as Trump posts ‘FREE TINA!’
Supreme Court deals blow to Virginia Democrats in fight over state court ruling
Eric Trump Announces Lawsuit Against Jen Psaki, MS NOW for ‘Blatant Lies’ About China Business Ties
Navy veteran Rocky Rochford seeks to turn Tampa Bay red, unseat 20-year House incumbent
Trump Reveals Waterfront Site for Long-Planned National Garden of American Heroes
Minnesota Medicaid operator’s bankruptcy-to-riches rise crashes into fraud probe
Trump hits dramatic milestone in massive departure from Biden border plan: ‘What a difference’
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.
