Trump Plans to End Key Trade Preferences for India and Turkey
- Sends 60-day advance notice for terminating duty breaks
- India says withdrawal of the benefit won’t have much impact
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President Donald Trump has announced he plans to end key trade preferences for India and Turkey, in the latest move by the U.S. to counter what it calls unfair trade practices.
Trump notified Congress on Monday in letters of his “intent to terminate” trade benefits for both countries under the generalized system of preferences. The notification starts a 60-day countdown before the president can take the action on his own authority, the U.S. Trade Representative’s Office said in a statement.