Trump said in a statement issued late Friday that he wanted greater access for US goods to the giant South Asian nation. "I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets," Trump said. Trump announced in March that he would be ending the preferential trade accord with India, but did not give a date. The US had a $26.7 billion trade deficit with India in 2017-2018. Indian commerce secretary Anup Wadahan played down the move to end the country's GSP status in March, saying that preferential trade accounted for a fraction of its nearly $80 million in annual exports to the US.

Source: The Nation Bangkok June 01, 2019 07:18 UTC