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India Roiled as Trump Yanks Its Status as a Developing Nation

  • He says India has not provided ‘reasonable’ access to markets
  • Indian lawmakers say brace for an economic crisis may ensue
Operations at JPNT Port as NEC Corp. Transmitters Point to Strengthening Relationship Between Tokyo and New Delhi
Photographer: Dhiraj Singh/Bloomberg
Updated on

President Donald Trump opened another potential front in his trade war on Friday, terminating India’s designation as a developing nation and thereby eliminating an exception that allowed the country to export nearly 2,000 products to the U.S. duty-free.

“I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation. “Accordingly, it is appropriate to terminate India’s designation as a beneficiary developing country effective June 5, 2019.”