- The Trump administration is winding down a trade agreement with India and Turkey, accusing India of erecting unnecessary barriers to trade.
- The US trade representative’s office on Monday said the two nations would be removed from the US’s Generalized System of Preferences program, which allows certain goods to enjoy duty-free entry into the US.
- President Donald Trump’s actions against India and Turkey come just as he and his administration take a more conciliatory approach to negotiations with China over trade.
The Trump administration says it is winding down a trade agreement with India after accusing the country’s government of erecting unnecessary barriers to trade with the US.
About $5.6 billion worth of Indian goods enjoy duty-free entry into the US under an agreement known as a Generalized System of Preferences.
The program effectively exempts India, and many other nations, from tariffs on certain goods exported to the US. India is by far the biggest beneficiary of the agreement, which has been in place in some form since the mid-1970s.
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