Exports likely to be hit as US moves to end major trade benefits to India

India, having exported goods worth $5.6 billion to the US in 2017-18 through the scheme, is the largest beneficiary nation under the US' GSP scheme

India us trade

Ending months of speculation, the Donald Trump administration has decided to cut benefits to Indian exporters under its Generalized System of Preferences (GSP) scheme. "At the direction of President Donald J Trump, US Trade Representative Robert Lighthizer announced today that the United States intends to terminate India's and Turkey's designations as beneficiary developing countries under the GSP program because they no longer comply with the statutory eligibility criteria", the United States Trade Representatives office announced late on Monday. India, ...