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.”
AOC accused of putting on new accent during Memphis rally: ‘Going full Kamala’
Tipster charged with murder after police say anonymous call helped solve 30-year disappearance
‘Let’s brew it in the United States’: Teamsters target Modelo and Corona in push for Mexican beer tariffs
Six dead as Kyiv hit by largest ballistic missile attack of war with interceptor stock low
Jarring Video: South African Reveals What’s Actually Believed About Whites, And It Is Horrific
Muhammad Is The Top Baby Name For Boys In England And Wales For Third Year In A Row
James Carville, Dem With Deteriorating Mental State, Says CNN Should Have Aired Presidential Speech to Show Trump’s Deteriorating Mental State
‘Keep a low profile’: State Department warns Americans overseas they could be targeted
Authorities Identify Source of Nationwide Cyclospora Outbreak: Salad Distributer Used By Taco Bell
Body Cam Catches The View’s Sunny Hostin Trying to Use Her Status to Talk Cops Out of Arresting Her Son
Johnson warns America is in ‘battle’ against Marxism, calls for renewed focus on nation’s founding principles
Platner ally Troy Jackson closing in on Democratic Senate nod in key race to face Collins
Extreme Climate Model Scenario Was Widely Used Despite Being Impossible
Controversial program paying drug users for used syringes becomes permanent in NYC
Education Department Moves To Crack Down On Schools, Teachers Unions Protecting Sexual Predators
“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
AOC accused of putting on new accent during Memphis rally: ‘Going full Kamala’
Tipster charged with murder after police say anonymous call helped solve 30-year disappearance
‘Let’s brew it in the United States’: Teamsters target Modelo and Corona in push for Mexican beer tariffs
Six dead as Kyiv hit by largest ballistic missile attack of war with interceptor stock low
Jarring Video: South African Reveals What’s Actually Believed About Whites, And It Is Horrific
Muhammad Is The Top Baby Name For Boys In England And Wales For Third Year In A Row
James Carville, Dem With Deteriorating Mental State, Says CNN Should Have Aired Presidential Speech to Show Trump’s Deteriorating Mental State
‘Keep a low profile’: State Department warns Americans overseas they could be targeted
Authorities Identify Source of Nationwide Cyclospora Outbreak: Salad Distributer Used By Taco Bell
Body Cam Catches The View’s Sunny Hostin Trying to Use Her Status to Talk Cops Out of Arresting Her Son
Johnson warns America is in ‘battle’ against Marxism, calls for renewed focus on nation’s founding principles
Platner ally Troy Jackson closing in on Democratic Senate nod in key race to face Collins
Extreme Climate Model Scenario Was Widely Used Despite Being Impossible
Controversial program paying drug users for used syringes becomes permanent in NYC
Education Department Moves To Crack Down On Schools, Teachers Unions Protecting Sexual Predators
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.









