Trump May Renew GSP, India Could Miss Out — Panjiva


Trump May Renew GSP, India Could Miss Out

Cons. Discr. - Autos 676 India 287 Industrials - Capital Goods 271 Materials - Metals/Mining 496 Metals - Aluminum 164 Trade Deals 708 U.S. 3362

The administration of President Trump reportedly supports a renewal of the Generalized System of Preferences. The GSP allows for duty free imports of 5,000 products from developing economies, of which India is the largest beneficiary. The program lapsed at the end of December 2017. A renewal may include significant changes to the program to fit other policy aims. India, for example, could be excluded altogether as it currently runs a $23 billion trade surplus vs. the U.S. and so could fall foul of the Trump administration’s focus on the trade deficit. An outright exclusion may not ...

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