The New York Times reports:
The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs, part of a deepening clash over India’s protections for its market.
The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”
The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.
US President Donald Trump terminates preferential trade status for India under GSP (Generalized System of Preference), a US trade preference programme which allows duty-free entry for thousands of products from designated beneficiary countries @ShereenBhan pic.twitter.com/B3eOztvDea
— CNBC-TV18 (@CNBCTV18Live) June 1, 2019
India will lose its trade privileges with the United States.https://t.co/1tZEvvIlwJ
— DW News (@dwnews) June 1, 2019