Trump seeks to put an end to India's preferential trade treatment
- Country:
- United States
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.
ALSO READ
-
Prospects of a New Summit: South Korean Optimism Amid Uncertainty
-
Nomination Turbulence: White House Withdraws Jeffrey Anderson for ICAO Post
-
Potential EU Partnerships Stir International Debate
-
Trump's Rate War with the Fed: A High-Stakes Economic Drama
-
Trump's Bold Move: Meeting with Venezuela's Interim Leader
Google News