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.”
High School Football Team Shines ‘the Light of Jesus’ by Giving Every Opponent a Bible After Games
Which ‘Fake News’ Outlet Will Trump Ban from the White House Next? He Just Dropped Some Major Hints, and It’s Making Them Squirm
Watch: MLB Player Knocked Out Cold in ‘Terrifying Moment’ – Then Medics Manage to Make Things Worse
Why the House let out early is a matter of debate after Johnson says chamber has ‘done its work’
DOJ Declares it Will No Longer Enforce Two Gun-Control Statutes That Are ‘Inconsistent with the Second Amendment’
Vance calls midterms a referendum on ‘common sense versus pure unadulterated crazy’
Would-Be Robber Finds Out the Hard Way That He Picked the Wrong Victim: Two Shots Later He Was in the ER
Warren Buffett Steps Down as Chairman of Berkshire Hathaway, Names His Replacement: ‘Father Time Always Wins’
Unsealed FBI interviews reveal Obama, Emanuel’s discussions about Blagojevich Senate seat deal
Illegal immigrant rideshare driver charged with rape in Maryland had prior NYC sex abuse arrest
Trump declares victory in historic deal with Greenland as he secures ‘permanent’ US military rights
FAA advances Trump’s ‘Triumphal Arch’ after review finds height doesn’t pose safety hazard to planes
Fox News Campus Radicals Newsletter: Trump bashing, chilled speech and a major saga renewed
Internet Detectives Are Convinced an Innocuous Converse Sneaker Ad Is Full of White Supremacist Dog Whistles
Hasan Piker calls Bin Laden a ‘spoiled brat,’ labels 9/11 ‘blowback’ in Axios interview
“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
High School Football Team Shines ‘the Light of Jesus’ by Giving Every Opponent a Bible After Games
Which ‘Fake News’ Outlet Will Trump Ban from the White House Next? He Just Dropped Some Major Hints, and It’s Making Them Squirm
Watch: MLB Player Knocked Out Cold in ‘Terrifying Moment’ – Then Medics Manage to Make Things Worse
Why the House let out early is a matter of debate after Johnson says chamber has ‘done its work’
DOJ Declares it Will No Longer Enforce Two Gun-Control Statutes That Are ‘Inconsistent with the Second Amendment’
Vance calls midterms a referendum on ‘common sense versus pure unadulterated crazy’
Would-Be Robber Finds Out the Hard Way That He Picked the Wrong Victim: Two Shots Later He Was in the ER
Warren Buffett Steps Down as Chairman of Berkshire Hathaway, Names His Replacement: ‘Father Time Always Wins’
Unsealed FBI interviews reveal Obama, Emanuel’s discussions about Blagojevich Senate seat deal
Illegal immigrant rideshare driver charged with rape in Maryland had prior NYC sex abuse arrest
Trump declares victory in historic deal with Greenland as he secures ‘permanent’ US military rights
FAA advances Trump’s ‘Triumphal Arch’ after review finds height doesn’t pose safety hazard to planes
Fox News Campus Radicals Newsletter: Trump bashing, chilled speech and a major saga renewed
Internet Detectives Are Convinced an Innocuous Converse Sneaker Ad Is Full of White Supremacist Dog Whistles
Hasan Piker calls Bin Laden a ‘spoiled brat,’ labels 9/11 ‘blowback’ in Axios interview
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.









