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.”
‘Unlucky’ Honduran woman arrested after allegedly running red light and crashing into ICE vehicle
Elon Musk warns ‘people will die’ over Mamdani’s FDNY commissioner pick, Lillian Bonsignore
FBI ramps up counter-drone efforts as Patel warns of growing threats from criminals, terrorists
DHS official rips Kilmar Abrego Garcia for ‘making TikToks’ while agency faces gag order
Florida bell ringer allegedly tries to ‘impale’ store manager with donation tripod while drunk
Year in focus: Images that defined America in 2025
Affordability: The issue that boosted Trump and Republicans in 2024 deflated them in 2025
We’re Headed for a ‘Build, Baby, Build’ Energy Revolution in 2026
Murder in small-town America: The crimes that tore quiet communities apart in 2025
Texas father rescues kidnapped daughter by tracing her phone’s location, sheriff’s office says
2025 shockers: The biggest moments that rocked the campaign trail
They Got Her: FBI Caught Hillary Clinton Talking Donations with Foreign Felon on Tape
The True Story of St. Nicholas Is Much Better Than the Myths About Reindeer and the North Pole
Schumer Sinks to Lowest Approval Rating of All US Political Leaders
Most shocking examples of Chinese espionage uncovered by the US this year: ‘Just the tip of the iceberg’
“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
‘Unlucky’ Honduran woman arrested after allegedly running red light and crashing into ICE vehicle
Elon Musk warns ‘people will die’ over Mamdani’s FDNY commissioner pick, Lillian Bonsignore
FBI ramps up counter-drone efforts as Patel warns of growing threats from criminals, terrorists
DHS official rips Kilmar Abrego Garcia for ‘making TikToks’ while agency faces gag order
Florida bell ringer allegedly tries to ‘impale’ store manager with donation tripod while drunk
Year in focus: Images that defined America in 2025
Affordability: The issue that boosted Trump and Republicans in 2024 deflated them in 2025
We’re Headed for a ‘Build, Baby, Build’ Energy Revolution in 2026
Murder in small-town America: The crimes that tore quiet communities apart in 2025
Texas father rescues kidnapped daughter by tracing her phone’s location, sheriff’s office says
2025 shockers: The biggest moments that rocked the campaign trail
They Got Her: FBI Caught Hillary Clinton Talking Donations with Foreign Felon on Tape
The True Story of St. Nicholas Is Much Better Than the Myths About Reindeer and the North Pole
Schumer Sinks to Lowest Approval Rating of All US Political Leaders
Most shocking examples of Chinese espionage uncovered by the US this year: ‘Just the tip of the iceberg’
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.
