Topic: GSP
India was not in Trump’s hit list of countries over trade but still had tariffs imposed
India’s trade surplus with US was minor compared to China, Japan and Mexico. But Trump slapped steel, aluminium tariffs & withdrew GSP benefits.
Modi and Trump to unveil long-pending trade deal at bilateral meeting in New York today
The ‘limited’ trade package was given final shape when Commerce Minister Piyush Goyal met US Trade Representative Robert Lighthizer in New York Monday.
India, US looking to ease trade tensions ahead of Modi-Trump meet
Easing of trade tensions will help India boost exports and cushion an economic slowdown caused by a collapse in domestic consumption.
US lawmakers urge Trump to reinstate GSP eligibility for India
Data shows that loss of India's designation as a beneficiary developing nation under the GSP cost American companies about USD 30 million in July.
Trade benefits with US gone, Modi govt now plans to offer a ‘better’ package to Trump
India watchers not optimistic that new offer, of better market access to US agriculture and dairy products, will cut much ice with Trump administration.
India is annoyed as Trump yanks its status as developing nation
The Trump administration decided to hold off on the announcement until after India’s elections to avoid hurting Modi politically.
Trump strips India of preferential trade status, gives Jaishankar his first challenge
The Donald Trump administration removed India's designation on the grounds that it had not assured US of providing "equitable and reasonable access" to its markets.
US extends duty benefits on Indian exports until next govt is formed
US has agreed to extend GSP benefits ‘long enough for India to revert after elections’, a move that comes after some ‘adroit diplomacy’ by New Delhi.
Threat of trade war with US looming, India to send delegation to Washington
Delegation will attempt to convince the US to extend its GSP programme, through which Delhi gets over $5 billion in zero or reduced tariffs.
Will Trump’s tariffs on India hurt? Here’s a golden clue
Since general American tariffs are fairly low now, India can afford to ignore the threat to its $5.6 billion of US exports.
TV anchors outrage over Uyghurs in China, but stay quiet about Indian Muslims
After cheering the ban on Chinese apps, the latest coping mechanism of Indian TV news seems to be focusing on the plight of the Uyghur Muslims in China.
The next 3 months will reveal how badly global economy has been hit by coronavirus
Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.
Defence
India, China to hold Corps Commander-level talks on 14 July at Chushul
The talks will focus mainly on the second phase of disengagement along the Line of Actual Control (LAC), said the Indian Army officials.
Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states
Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.