Suspension of preferential trade status for India under GSP is 'done deal': Trump
Source: Business Today
The Trump administration has said it is not going back on its decision to terminate India's designation as a beneficiary developing nation under the key GSP trade programme, terming the suspension a "done deal".
The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.
On March 4, President Donald Trump announced that the US intended to terminate India's designation as a beneficiary developing country under the GSP programme.
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Under the GSP programme, nearly 2,000 products including auto components and textile materials can enter the US duty-free if the beneficiary developing countries meet the eligibility criteria established by Congress.
Read more: https://www.businesstoday.in/current/economy-politics/suspension-of-preferential-trade-status-for-india-under-gsp-is-done-deal-trump/story/352427.html
Are we going to have a trade war with India, too?
sakabatou
(42,141 posts)It's going to take YEARS if not decades for us to heal.
displacedtexan
(15,696 posts)They have a really solid business based on clothing blanks, dyes, and yarns. And that's just one business I can think of that will probably be collateral damage in today's Trump tantrum fantasy wars.
htuttle
(23,738 posts)Things like analyzing X-Rays in the middle of the night, coding tens of millions of medical forms, computer programming and a whole pile of technical services -- just off the top of my head.
Complain as you might about the accent of a tech support person on the phone, but if they weren't there, there probably wouldn't be anyone to answer the phone nowadays. Or they'd be a (worse) idiot.
DBoon
(22,340 posts)an American who loves Trump
Jedi Guy
(3,175 posts)An accent is not an indication of citizenship! It may give you a clue as to national/regional origin, but that's it. Years back I worked with a guy from Niger named Kennedy. He was legit one of the nicest, kindest people I've ever had the pleasure to know, and he taught me a lot about Niger in particular and Africa in general. He had an accent, and customers complained about it with depressing regularity, and it really hurt him. I told him to just transfer those calls to me if it happened while I was there.
If I'm unable to understand someone because of an accent, I politely ask if there's someone else I can speak with. There's no need to be a jackass about it, but people do it all the damn time.
Wellstone ruled
(34,661 posts)equipment Company imports most of it's smaller and medium sized tractors from India. As well as many of it's Implements.
Get ready Waterloo,the layoffs are a coming.
KY_EnviroGuy
(14,488 posts)I wonder if those are now exempted and if so, would the exemption now be voided?......
mbusby
(823 posts)KY_EnviroGuy
(14,488 posts)Very disturbing read for me and I hope our Democratic leaders in Congress will eventually address this serious problem.
Another consequence of elections and Republican deregulation and budget cuts. It will only get worse during tRump's time.
..........
sandensea
(21,604 posts)Plus, next thing you know he'll be doing bad Ben Jabituya impressions.
OnlinePoker
(5,719 posts)I find it highly unlikely that it's all coming from Trump. Who benefits the most from the U.S. being at odds with its major trading partners? Just Putin that out there.
Iterate
(3,020 posts)I don't think people realize how much Russia coveted influence over India, even back to the days of Stalin.