Suspension of preferential trade status for India under GSP is 'done deal': Trump

[Ramsey Barner]

Source: Business Today

The Trump administration has said it is not going back on its decision to terminate India's designation as a beneficiary developing nation under the key GSP trade programme, terming the suspension a "done deal".

The Generalized System of Preference (GSP) is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.

On March 4, President Donald Trump announced that the US intended to terminate India's designation as a beneficiary developing country under the GSP programme.

[****]

Under the GSP programme, nearly 2,000 products including auto components and textile materials can enter the US duty-free if the beneficiary developing countries meet the eligibility criteria established by Congress.

Read more: https://www.businesstoday.in/current/economy-politics/suspension-of-preferential-trade-status-for-india-under-gsp-is-done-deal-trump/story/352427.html

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Are we going to have a trade war with India, too?

[sakabatou]

1. If we are

It's going to take YEARS if not decades for us to heal.

[displacedtexan]

3. This could destroy Dharma Trading Co in San Rafael & Petaluma.

They have a really solid business based on clothing blanks, dyes, and yarns. And that's just one business I can think of that will probably be collateral damage in today's Trump tantrum fantasy wars.

[htuttle]

2. i'm sure Trump has no idea how much really important shit Indian workers do for the US

Things like analyzing X-Rays in the middle of the night, coding tens of millions of medical forms, computer programming and a whole pile of technical services -- just off the top of my head.

Complain as you might about the accent of a tech support person on the phone, but if they weren't there, there probably wouldn't be anyone to answer the phone nowadays. Or they'd be a (worse) idiot.

[DBoon]

7. "a (worse) idiot"

an American who loves Trump

[Jedi Guy]

10. I fucking hate the people who complain about accents on the phone.

An accent is not an indication of citizenship! It may give you a clue as to national/regional origin, but that's it. Years back I worked with a guy from Niger named Kennedy. He was legit one of the nicest, kindest people I've ever had the pleasure to know, and he taught me a lot about Niger in particular and Africa in general. He had an accent, and customers complained about it with depressing regularity, and it really hurt him. I told him to just transfer those calls to me if it happened while I was there.

If I'm unable to understand someone because of an accent, I politely ask if there's someone else I can speak with. There's no need to be a jackass about it, but people do it all the damn time.

[Wellstone ruled]

4. Okay,America's largest Farm

equipment Company imports most of it's smaller and medium sized tractors from India. As well as many of it's Implements.

Get ready Waterloo,the layoffs are a coming.

[KY_EnviroGuy]

5. I've read the majority of generic drugs are made in India.

I wonder if those are now exempted and if so, would the exemption now be voided?......

[mbusby]

8. Generic drugs from India...

...are under scrutiny.

https://www.npr.org/sections/health-shots/2019/05/16/723545864/the-generic-drugs-youre-taking-may-not-be-as-safe-or-effective-as-you-think

[KY_EnviroGuy]

9. Yes, I read that a while back. Thanks for the reminder and link.

Very disturbing read for me and I hope our Democratic leaders in Congress will eventually address this serious problem.

Another consequence of elections and Republican deregulation and budget cuts. It will only get worse during tRump's time.

..........

[sandensea]

6. You better believe it

Plus, next thing you know he'll be doing bad Ben Jabituya impressions.

[OnlinePoker]

11. Who is pulling the strings on Trump's trade policies?

I find it highly unlikely that it's all coming from Trump. Who benefits the most from the U.S. being at odds with its major trading partners? Just Putin that out there.

[Iterate]

12. Yet another item on Putin's checklist.

I don't think people realize how much Russia coveted influence over India, even back to the days of Stalin.