Trump seeks to put an end to India's preferential trade treatment
Devdiscourse News Desk | Washington DC | Updated: 05-03-2019 05:42 IST | Created: 05-03-2019 05:31 IST
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U.S. President Donald Trump said on Monday he intends to end India's preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty-free.
"I am taking this step because, after the intensive engagement between the United States and the Government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India," Trump said in a letter to Congress.
(With inputs from agencies.)
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