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.
Reuters first to report that U.S. considering withdrawal of zero tariffs for India
08 February 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best
Sectors: Economy & Policy