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.”
Civil rights groups file lawsuit seeking to block Texas law allowing cops to arrest illegal migrants
Rudy Giuliani’s primary care provider gives update on his condition
Police dog follows his nose to find missing autistic teen screaming for help
Ohio daycare worker convicted of horrific physical abuse of toddlers sentenced to years in prison
Alert: Child Struck by Gunfire as Secret Service Neutralizes Alleged Gunman Near White House
Staffer for Dem Sen. Cory Booker Who Brought Gun Into Capitol Without a License Saw Charges Quickly Dropped: DOJ
Video shows Dem candidate dodging Trump violence question as campaign issues response
Florida GOP candidate reveals why ‘amazing’ fundraising haul and key Trump moves suggest midterm ‘optimism’
GOP challenger Joe Kaufman to run in Florida’s 25th district; will face either Moskowitz or Wasserman Schultz
Trump’s troop drawdown jolts Europe as NATO chief says leaders got the ‘message’
NATO Chief Says European Leaders Have Finally ‘Gotten the Message’ from Trump and Are Changing Their Ways
Woman objected to trans sex offender roommate — then she was sent back to prison, legal group says
Cassidy suggests governor boosted Trump-backed rival by not moving Senate primary
Report: Democrats Are Seeking to Stage a Mutiny Against the Chair of the DNC
Ron DeSantis Makes Florida’s New Congressional Maps Official in Timely Redistricting Boost for Republicans
“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
Civil rights groups file lawsuit seeking to block Texas law allowing cops to arrest illegal migrants
Rudy Giuliani’s primary care provider gives update on his condition
Police dog follows his nose to find missing autistic teen screaming for help
Ohio daycare worker convicted of horrific physical abuse of toddlers sentenced to years in prison
Alert: Child Struck by Gunfire as Secret Service Neutralizes Alleged Gunman Near White House
Staffer for Dem Sen. Cory Booker Who Brought Gun Into Capitol Without a License Saw Charges Quickly Dropped: DOJ
Video shows Dem candidate dodging Trump violence question as campaign issues response
Florida GOP candidate reveals why ‘amazing’ fundraising haul and key Trump moves suggest midterm ‘optimism’
GOP challenger Joe Kaufman to run in Florida’s 25th district; will face either Moskowitz or Wasserman Schultz
Trump’s troop drawdown jolts Europe as NATO chief says leaders got the ‘message’
NATO Chief Says European Leaders Have Finally ‘Gotten the Message’ from Trump and Are Changing Their Ways
Woman objected to trans sex offender roommate — then she was sent back to prison, legal group says
Cassidy suggests governor boosted Trump-backed rival by not moving Senate primary
Report: Democrats Are Seeking to Stage a Mutiny Against the Chair of the DNC
Ron DeSantis Makes Florida’s New Congressional Maps Official in Timely Redistricting Boost for Republicans
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.
