 "trade, export")
Ending months of speculation, the Donald Trump administration cut off India from duty-free access to the US market under its largest preferential trade scheme, but New Delhi played down the impact of the move and is unlikely to contest it. Scrapping the benefits under the Generalized System of Preferences (GSP) will take at least 60 days, officials said.
India was caught off guard late on Monday night when the United States Trade Representative’s (USTR’s) office announced that India and Turkey would henceforth not be able to claim duty-free trade benefits under the GSP. Talks on the issue had been dragging
