Trump plans to end India's preferential trade treatment

SAUL LOEB / AFP

US President Donald Trump said he intends to end preferential trade terms for India under the US’ Generalised System of Preferences (GSP) programme.

"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..." Trump said in a letter to congressional leaders.

The programme currently allows $5.6 billion worth of Indian exports to enter the United States duty free. 

This comes after India unveiled new e-commerce rules that restrict Amazon.com Inc and Walmart Inc-backed Flipkart from doing business.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye

  • Earth Hour

    In celebration of Earth Hour we are asking you the residents of the UAE to show support to our beautiful planet earth.

  • Life as a captive of Somali pirates

    This is the story of how Michael Scott Moore survived 977 days in the company of pirates.

  • The 17 Year Old going to Mars

    We caught up with a precocious young lady whose ambitions are literally out of this world. 17 year old Alyssa Carson is in training to go to Mars.