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.”
Ex-Indiana deputy charged with felony for allegedly using Flock cameras to stalk girlfriend
House Democrats Panicking as Republicans Prepare to Make Them Go on the Record with Socialism Vote
Six Fascinating, Barely-Known Facts Proving America and Jews/Judaism Have Been Linked Since the Founding
Swimmer rushed to hospital after suspected shark attack at Martha’s Vineyard
Nicki Minaj to star in ‘Shark Tank’- style show for Trump administration
Illegal immigrant’s ‘over-the-top’ sexual assault on elderly woman sends sheriff into rage: ‘Out of control’
Another ActBlue leader pleads Fifth as House investigates alleged foreign donations
Video: Trump Can’t Hold Back After Reporter Asks If He Plans to Nuke a Militarily Defeated Iran: ‘Stupid’
Woke stunt goes horribly wrong as Michigan Dems open convention with brutal ‘land acknowledgment’
Watch: JD Vance Echoes Will Smith in Fiery Response to Abdul El-Sayed’s Comments About Wife
White House brings receipts after media claims noncriminal ICE arrests ‘soaring’: ‘False narratives’
Hasan Piker’s Claim He Doesn’t Hate America Clashes With That Time He Declared ‘I Hate America’
Army Secretary Dan Driscoll Resigns After Internal Disagreements
Ex-House Freedom Caucus chair says GOP isn’t ‘a conservative party anymore,’ but Democrats are ‘worse’
FLASHBACK: Mamdani torched for recycling 9/11 tributes after years of near-identical posts
“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
Ex-Indiana deputy charged with felony for allegedly using Flock cameras to stalk girlfriend
House Democrats Panicking as Republicans Prepare to Make Them Go on the Record with Socialism Vote
Six Fascinating, Barely-Known Facts Proving America and Jews/Judaism Have Been Linked Since the Founding
Swimmer rushed to hospital after suspected shark attack at Martha’s Vineyard
Nicki Minaj to star in ‘Shark Tank’- style show for Trump administration
Illegal immigrant’s ‘over-the-top’ sexual assault on elderly woman sends sheriff into rage: ‘Out of control’
Another ActBlue leader pleads Fifth as House investigates alleged foreign donations
Video: Trump Can’t Hold Back After Reporter Asks If He Plans to Nuke a Militarily Defeated Iran: ‘Stupid’
Woke stunt goes horribly wrong as Michigan Dems open convention with brutal ‘land acknowledgment’
Watch: JD Vance Echoes Will Smith in Fiery Response to Abdul El-Sayed’s Comments About Wife
White House brings receipts after media claims noncriminal ICE arrests ‘soaring’: ‘False narratives’
Hasan Piker’s Claim He Doesn’t Hate America Clashes With That Time He Declared ‘I Hate America’
Army Secretary Dan Driscoll Resigns After Internal Disagreements
Ex-House Freedom Caucus chair says GOP isn’t ‘a conservative party anymore,’ but Democrats are ‘worse’
FLASHBACK: Mamdani torched for recycling 9/11 tributes after years of near-identical posts
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.
