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”.

Continue reading...

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

No comments:

Post a Comment

US and tech firms strike deal to review AI models for national security before public release

Microsoft, Google DeepMind and xAI products to be vetted for cybersecurity, biosecurity and chemical weapons risks The US government has str...