India is the victim of trump trade war

India is the victim of trump trade war

The Trump Administration is withdrawing preferential GSP benefits in the export of Indian products in the United States. Under the GSP, India could export duty-free goods to the country.
It is known from a report published in the BBC on Tuesday.
The BBC said in a letter to Congress, US President Donald Trump told him about this decision. The letter said that Delhi failed to ensure logistical access to US products in the market.
In view of this, Trump has asked the US Trade Representatives (USTR) Office to stop preferential treatment in India. Trump is beginning to start trade trade with the country after one country to reduce trade deficit.
US Congress will give notice to India as a follow-up step. The decision to cancel the GSP facility will be effective within two months.
According to NDTV news, India is currently exporting US $ 5.6 billion worth of non-bumper goods to the United States under the GSP facility. India is the most privileged country under US GSP. Although they say that this will have little effect on the country's economy.
Indian High Commission Anup Wadhian said that against the US move, India will not impose a reciprocal duty on US products.
India had to make such a big push after the trump of power in 2017.