Trade

Trump administration removes India special trade status – CNNPolitics

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The US announcement comes two days after India’s Narendra Modi was sworn in for a second straight term as prime minister.
In a statement Saturday, India’s government said it was “unfortunate” that the US did not accept India’s offer of a resolution.
“In any relationship, in particular in the area of economic ties, there are ongoing issues which get resolved mutually from time to time. We view this issue as a part of this regular process and will continue to build on our strong ties with the US, both economic and people-to-people,” the statement read.
Tensions between the two countries have increased in recent years over trade.
Trump has repeatedly slammed Indian duties on US goods, including on motorcycles. In a letter to Congress back in March, Trump signaled his intentions to remove India from the GSP and accused the nation of unfairly shutting out American businesses.
India was one of several countries affected by US steel and aluminum tariffs last year. The Indian government announced it will impose tariffs on US goods worth $240 million, but postponed putting them into effect several times.

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