Trump Targets India, Turkey Over Trade
Claiming India has failed to reassure the U.S. of access to its markets, and that Turkey was “sufficiently economically developed,” the Trump administration says it’s ending preferential trade status for both countries. The world’s largest beneficiary of the decades-old Generalized System of Preferences, New Delhi claimed the decision would have “minimal economic impact” — though it could hurt Prime Minister Narendra Modi in general elections next month.
Is a new trade war brewing? Neither India nor Turkey appear willing to retaliate, though in both cases, analysts say the decision risks roiling already complicated bilateral relations.
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