Trump to end trade privileges for India on June 5

File photo of a worker using a pair of scissors as he makes Indian national flags inside a textile printing workshop ahead of the Independence Day celebrations in Ahmedabad, India, August 10, 2015. — Reuters pic
File photo of a worker using a pair of scissors as he makes Indian national flags inside a textile printing workshop ahead of the Independence Day celebrations in Ahmedabad, India, August 10, 2015. — Reuters pic

WASHINGTON, June 1 — President Donald Trump said today that the United States would end its preferential trade treatment for India on June 5.

Trump had announced his intention to remove India from the Generalised System of Preferences (GSP) program in early March.

“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a statement today.

India is the biggest beneficiary of the GSP, which allows preferential duty-free imports of up to US$5.6 billion (RM23.4 billion) from the South Asian nation.

Indian officials have raised the prospect of higher import duties on more than 20 US goods if Trump drops India from the program.

Twenty-four members of the US Congress sent the administration a letter on May 3 urging it not to terminate India’s access to the GSP. — Reuters

Related Articles