Trump moves his trade war to a new frontier, as he kicks India and Turkey out of a $19 billion agreement
The Trump administration is winding down a trade agreement with India and Turkey, accusing India of erecting unnecessary barriers to 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. Other countries to benefit include Brazil, Indonesia, and Thailand, with exemptions covering about $19 billion worth of goods coming to the US each year, according to recent data.
"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." "India exports goods worth $5.6 billion under the GSP, and the duty benefit is only $190 million annually," India's commerce secretary, Anup Wadhawan, said,Trump's trade representative publicly calls out president's ignorance on trade deals in incident that reportedly left Trump 'embarrassed'
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