Trump to terminate India trade benefits, demands ‘equitable & reasonable’ access to its markets | WHAT REALLY HAPPENED

Trump to terminate India trade benefits, demands ‘equitable & reasonable’ access to its markets

US President Donald Trump has announced his intention to end preferential trade treatment for India, accusing New Delhi of failing to convince Washington it will provide “equitable and reasonable” access to its markets.

“I am providing notice of my intent to terminate the designation of India as a beneficiary developing country under the Generalized System of Preferences (GSP) program,” Trump said in a letter to Congress on Monday.

I am taking this step because, after intensive engagement between the United States and the Government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India.

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