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Trump ends GSP trade agreement from 1976

Posted on March 5, 2019

Finally some of the looting free trade agreements are being cancelled.

Only took 40 years.

Trump fires new salvo at India. Ends GSP trade agreement from 1976

“Trump’s surprising move today, on Monday, to end the Generalized System of Preferences (GSP) trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States, has sent out a harsh message: play ball like the way we want, or play on your own

…

India has implemented a wide array of trade barriers that create serious negative effects on United States commerce,” said the United States Trade Representative, in a statement. It estimates the United States ran a goods and services trade deficit of $27.3 billion with India in 2017.”

There is no free trade in India.

Party’s over looters. Find a new cookie jar.

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