Tuesday 5 March 2019

Trump ejects India from $5.6bn tariff deal over 'negative' trade barriers

US officials say India’s measures ‘create serious negative effects’ on commerce

US president Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for $5.6bn worth of the country’s exports to the United States.

Trump, who has vowed to cut US trade deficits, has repeatedly called out India for its high tariffs. The US Trade Representative’s Office accused India of bringing in a “wide array of trade barriers that create serious negative effects on United States commerce”.

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from World news | The Guardian https://ift.tt/2HeFaKG

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