Washington (CNN) The Trump administration announced Friday that it's ending special trade treatment for India, removing a status that exempts billions of dollars of the country's products from US tariffs. "I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets," President Donald Trump said in a proclamation issued by the White House. As of June 5th, India will be terminated from its designation as a beneficiary developing country. It comes as Trump took new aim at Mexico this week with threatened tariffs if the country does not step up its immigration enforcement actions. The tariffs will apply to "large residence" washing machines and solar cells and panels from India.
Source: CNN June 01, 2019 17:15 UTC