President Donald Trump has decided that India’s failure to provide “equitable and reasonable” access to its market means it’s no longer eligible to export certain goods duty-free to the US.
The 43-year-old US Generalized System of Preferences, the privilege India now loses, is part of a shared commitment by developed countries to promote export-oriented growth in emerging economies. Washington also has a long history of using it to make trading partners fall in line.
The most high-profile case is Chile in the 1980s. Once the US cut the nation’s duty-free access under GSP, support for General Augusto Pinochet’s repressive regime