The US plans to end preferential trade status for India, under a scheme which allows certain products to enter the US duty-free. According to sources, president Donald Trump said India had failed to assure the US it would provide reasonable access to its markets. While India said the US move would have a “minimal economic impact”. Trump has pledged to reduce US trade deficits, and has repeatedly called out India for high tariffs. It is the latest US attempt to counter what it sees as unfair trade practices. As a result, he directed the US Trade Representative’s (USTR) office to remove India from a programme that grants it preferential trade treatment.
US targets India in trade shutdown
