Reuters first to report that U.S. considering withdrawal of zero tariffs for India

Reuters was first to report that India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies. A move to withdraw the Generalized System of Preferences from India, the world’s largest beneficiary of a scheme that has been in force since the 1970s, would be the strongest punitive action against India since President Donald Trump took office in 2017.