US to scrap sops on $5.6 billion Indian exports

President Donald Trump has announced plans to scrap the preferential trade treatment for India, claiming that New Delhi has failed to assure the US of “equitable and reasonable” access to its markets, a move India said will not have a “significant impact” on its exports to America. The move to end the Generalised System of Preferences (GSP) for India and Turkey is the latest push by the Trump administration to redress what it considers to be unfair trading relationships with other countries like China. Mr Trump has pledged to reduce US trade deficits, and has repeatedly called out India for high tariffs.