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.”
Hegseth announces joint task force with DOJ to prosecute leaks to journalists ‘with the full force of the law’
Mamdani offers few answers as massive homeless encampment sprouts in west Manhattan
Historic Video: US Deployed First-Ever Sea-Based Drones to Blow Apart Submarine and Ship Facility in Iran
What to know about Darline Graham Nordone, South Carolina’s newest senator
Democrats running to replace Platner in key Senate race call for ICE to be ‘abolished’
Breaking: Trump to Address the Nation This Week in Prime-Time Comments
Trump-backed Daylight Saving Time bill clears key House hurdle
Maine ICE shooting victim was not target of arrest warrant, Sen. King’s office says after earlier DHS account
Top economists and AI leaders warn of ‘unprecedented transformation’
Newsom blasted by sheriff in his own backyard over California crime as victims cry foul
AOC Hits Now Low, Demands Israel Release ‘Pediatrician,’ Turns Out He’s a Terrorist Colonel – So Was She Ignorant or a Terror Supporter?
Stephen Miller’s unlikely friendship with Lindsey Graham revealed in heartfelt White House tribute
Breaking: Lindsey Graham’s Sister Appointed to Serve Out the Rest of His Term
Auto Journalist Swarmed by Cops After Flock Cameras Mistakenly Flag Car Theft: We ‘Live in a Surveillance State’
‘The halls of the Senate already feel empty’: Tearful Thune honors Lindsey Graham as sister takes his seat
“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
Hegseth announces joint task force with DOJ to prosecute leaks to journalists ‘with the full force of the law’
Mamdani offers few answers as massive homeless encampment sprouts in west Manhattan
Historic Video: US Deployed First-Ever Sea-Based Drones to Blow Apart Submarine and Ship Facility in Iran
What to know about Darline Graham Nordone, South Carolina’s newest senator
Democrats running to replace Platner in key Senate race call for ICE to be ‘abolished’
Breaking: Trump to Address the Nation This Week in Prime-Time Comments
Trump-backed Daylight Saving Time bill clears key House hurdle
Maine ICE shooting victim was not target of arrest warrant, Sen. King’s office says after earlier DHS account
Top economists and AI leaders warn of ‘unprecedented transformation’
Newsom blasted by sheriff in his own backyard over California crime as victims cry foul
AOC Hits Now Low, Demands Israel Release ‘Pediatrician,’ Turns Out He’s a Terrorist Colonel – So Was She Ignorant or a Terror Supporter?
Stephen Miller’s unlikely friendship with Lindsey Graham revealed in heartfelt White House tribute
Breaking: Lindsey Graham’s Sister Appointed to Serve Out the Rest of His Term
Auto Journalist Swarmed by Cops After Flock Cameras Mistakenly Flag Car Theft: We ‘Live in a Surveillance State’
‘The halls of the Senate already feel empty’: Tearful Thune honors Lindsey Graham as sister takes his seat
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.









