Economy

US warns India of more action over ‘unfair’trade practices

PTI Washington | Updated on June 21, 2019 Published on June 21, 2019

The Trump administration has warned India that it would be compelled to take some “additional action” against the country over its “unfair” trade practices as the two nations have made “no headway” on these issues.

The warning from US Trade Representative Robert Lighthizer also came days after US President Trump announced that the US would end its preferential trade treatment for India.

India has been the single biggest beneficiary of the decades-old US Generalized System of Preferences (GSP) programme, allowing the country to export $5.7 billion worth of duty-free goods in 2017.

“We have spent a lot of time worrying about India. It is massive economy and it’s going to only get bigger. It is a great opportunity for a lot of American farmers and businesses. Having said that, we have a series of problems with them, the things that we’ve raised with them over a period of months,” Lighthizer said.

His comments came ahead of US Secretary of State Mike Pompeo’s visit to India from June 25-27.

Published on June 21, 2019
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