Donald Trump terminates preferential trade status for India

[Point 5310]

Old news as it was announced 3 months back by Trump.
https://ustr.gov/about-us/policy-of...s/2019/march/united-states-will-terminate-gsp

It will have Zero impact on India as only 10% of India's export to USA ($5.6 billion) is eligible for GSP benefits and the amount these exports benefited by I.e. tarrif exemptions, will be just $190 million.

Thus the actual cost on India would be less than even $200 million.

 

[faithfulguy]

Old news as it was announced 3 months back by Trump.
https://ustr.gov/about-us/policy-of...s/2019/march/united-states-will-terminate-gsp

It will have Zero impact on India as only 10% of India's export to USA ($5.6 billion) is eligible for GSP benefits and the amount these exports benefited by I.e. tarrif exemptions, will be just $190 million.

Thus the actual cost on India would be less than even $200 million.

True. India could care less as India don’t build anything. But India do care about the H1-Bvisa as India is a remittances based economy. Without the remittance, India can’t brag about its economy.

 

[El Sidd]

Old news as it was announced 3 months back by Trump.
https://ustr.gov/about-us/policy-of...s/2019/march/united-states-will-terminate-gsp

It will have Zero impact on India as only 10% of India's export to USA ($5.6 billion) is eligible for GSP benefits and the amount these exports benefited by I.e. tarrif exemptions, will be just $190 million.

Thus the actual cost on India would be less than even $200 million.

will indian Nerds survive the US India trade war?

 

[Longhorn]

this happens when you worship creatures and not worship ALLAH ALMIGHTY

Religion has become the Muslims version of Godwin's Law.

 

[OIO]

The God is not pleased with these dudes:

Impressive!

 

[Han Patriot]

And India's response:
NEW DELHI (Reuters) - The Indian government said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by U.S. President Donald Trump to end preferential trade treatment for India from June 5.

https://money.usnews.com/investing/...th-us-despite-trump-removing-trade-privileges

Lol pussies as usual. I told you they will bend over and pass them the butter. If India was in our current situation, they would've beg on their knees begging to give a bj to uncle Sam.

will indian Nerds survive the US India trade war?

Trump is gonna target those Indian outsourcing companies after this, trust me.

 

[El Sidd]

Trump is gonna target those Indian outsourcing companies after this, trust me.

most probably

 

[TechMan]

WASHINGTON — The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs, part of a deepening clash over India’s protections for its market.

The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”

The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.

The measure will hit some Indian exporters of products like textiles, jewelry, auto parts and agricultural products, and aggravate tensions between the United States and a country the Trump administration has described as an ally to counter China.

https://www.nytimes.com/2019/05/31/business/trump-india-trade.html?emc=rss&partner=rss

 

[GHALIB]

WASHINGTON — The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs, part of a deepening clash over India’s protections for its market.

The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”

The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.

The measure will hit some Indian exporters of products like textiles, jewelry, auto parts and agricultural products, and aggravate tensions between the United States and a country the Trump administration has described as an ally to counter China.

https://www.nytimes.com/2019/05/31/business/trump-india-trade.html?emc=rss&partner=rss

trump ka screw dhila ho gaya hai ...

 

[war&peace]

WASHINGTON — The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs, part of a deepening clash over India’s protections for its market.

The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”

The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.

The measure will hit some Indian exporters of products like textiles, jewelry, auto parts and agricultural products, and aggravate tensions between the United States and a country the Trump administration has described as an ally to counter China.

https://www.nytimes.com/2019/05/31/business/trump-india-trade.html?emc=rss&partner=rss

One of the best decisions ...

 

[Michael Corleone]

should have bought those f16s and give him a cow golden shower... but nah had to shit on his suit... now this is what y'all get

 

[Dubious]

trump ka screw dhila ho gaya hai ...

Nai tou...India superpower ban giyea naa

 

[Globenim]

Somehow I doubt this will shut up all these "China is all talk" trolls, trying to fan up the war between the US and China in delusion that it will keep India unscathed or let it even reap some benefits.

 

[Ghareeb_Da_Baal]

#2020
#chupapowabindia

 

[Elvin]

Trade has to be equal and fair, if you restrict your market to the US and expect special treatment from the US, what the heck?