Donald Trump to give a big blow to India
WASHINGTON - The United States is all set to give a big blow to ally India over trade barriers.
Exports from those countries could lose duty-free access to theUS <link> market if the US <link> Trade Representative decides the countries have violated the conditions of the Generalized System of Preferences.
“GSP provides an important tool to help enforce the Trump Administration’s key principles of free and fair trade across the globe,” Deputy USTR Jeffrey Gerrish said in a statement.
President Donald Trump has made trade central to his presidency, roiling markets and upsetting fellow Republicans by threatening to impose steep tariffs and scrap trade deals he says have undermined US <link> workers and industry.
He has yet to act on his harshest threats, however.
The administration is reviewing GSP eligibility every three years, and later this year will look at countries in Eastern Europe, the Middle East, North Africa and the Western Hemisphere.