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. The move adds one more front to Trump’s global trade wars.
India will be removed from the preferential trade program, known as the Generalized System of Preferences, which gives developing countries easier access to the US market and lowers US duties on their exports.
In a statement Saturday, India’s government said it was “unfortunate” that the US did not accept India’s offer of a resolution. Tensions between the two countries have increased in recent years over trade.
The event impacts the following active ingredients:
2,4-D (and other phenoxy herbicides)
Micronized sulfur – formulated