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.”
DHS shutdown leaves local emergency responders on their own amid extreme weather, expert warns
NYC Mayor Zohran Mamdani reverses course on homeless encampments after pausing clearings
3rd arrested in violent overnight home invasion, multiple illegal aliens accused of sexual assault, kidnapping
Family speaks of ‘profound pain’ after trans dad guns down ex-wife, son at high school hockey game
Democrats risk FEMA disaster funding collapse as DHS shutdown hits Day 5
City-run board cancels lease of Israel drone supplier sparking backlash toward Mamdani: ‘Ludicrous’
Nightmare Beach: 8 Severed Human Heads Found on Beach with Disturbing Pamphlets Nearby
Hugh Hefner’s Widow Scrambling to Recover 3,000 of Husband’s Private Photo Albums Possibly Containing Child Pornography
Here Are the Democratic Lawmakers Skipping Trump’s State of the Union to Hold A Rally in DC
CNN, After Bleeding Millions of Viewers, Rolls Out Documentary Targeting Patriotic Christians
Trump orders complete withdrawal of all troops from Syria within two months: report
US-Iran conflict: All sides brace for war as ‘nothing burger’ nuclear negotiations prove fruitless
Watch: Trump Posts Loving Tribute to Rush Limbaugh on Fifth Anniversary of His Death, Says ‘There Will Never Be Another Rush Limbaugh’
Missile defense race shifts to space as experts say real battle is in first minutes after launch
FBI Director Patel says investigators have found antifa funding sources
“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
DHS shutdown leaves local emergency responders on their own amid extreme weather, expert warns
NYC Mayor Zohran Mamdani reverses course on homeless encampments after pausing clearings
3rd arrested in violent overnight home invasion, multiple illegal aliens accused of sexual assault, kidnapping
Family speaks of ‘profound pain’ after trans dad guns down ex-wife, son at high school hockey game
Democrats risk FEMA disaster funding collapse as DHS shutdown hits Day 5
City-run board cancels lease of Israel drone supplier sparking backlash toward Mamdani: ‘Ludicrous’
Nightmare Beach: 8 Severed Human Heads Found on Beach with Disturbing Pamphlets Nearby
Hugh Hefner’s Widow Scrambling to Recover 3,000 of Husband’s Private Photo Albums Possibly Containing Child Pornography
Here Are the Democratic Lawmakers Skipping Trump’s State of the Union to Hold A Rally in DC
CNN, After Bleeding Millions of Viewers, Rolls Out Documentary Targeting Patriotic Christians
Trump orders complete withdrawal of all troops from Syria within two months: report
US-Iran conflict: All sides brace for war as ‘nothing burger’ nuclear negotiations prove fruitless
Watch: Trump Posts Loving Tribute to Rush Limbaugh on Fifth Anniversary of His Death, Says ‘There Will Never Be Another Rush Limbaugh’
Missile defense race shifts to space as experts say real battle is in first minutes after launch
FBI Director Patel says investigators have found antifa funding sources
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.









