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🇺🇸 Trump's Tariffs on India: What Happened?
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During Donald Trump’s presidency, the U.S. and India saw growing trade tensions. In 2019, President Trump removed India from the Generalized System of Preferences (GSP) — a program that allowed Indian goods to enter the U.S. duty-free. This move impacted nearly $6 billion worth of Indian exports.
Trump argued that India was not giving "equitable and reasonable access" to American products, especially in the dairy and medical devices sectors. In response, India imposed retaliatory tariffs on 28 U.S. products, including almonds and apples.
These actions strained trade relations between the two democracies but also highlighted the U.S.’s tough stance on trade imbalances under Trump’s "America First" policy.
Key Impacts:
Loss of tariff-free status for Indian exporters.
Higher duties on U.S. agricultural goods by India.
Temporary dip in India-U.S. trade relations.
While relations have since improved, the Trump-era tariffs remain a reminder of how political shifts can reshape global trade.
@CRYPTO WITH SK OFFICIAL
$BTC $ETH
During Donald Trump’s presidency, the U.S. and India saw growing trade tensions. In 2019, President Trump removed India from the Generalized System of Preferences (GSP) — a program that allowed Indian goods to enter the U.S. duty-free. This move impacted nearly $6 billion worth of Indian exports.
Trump argued that India was not giving "equitable and reasonable access" to American products, especially in the dairy and medical devices sectors. In response, India imposed retaliatory tariffs on 28 U.S. products, including almonds and apples.
These actions strained trade relations between the two democracies but also highlighted the U.S.’s tough stance on trade imbalances under Trump’s "America First" policy.
Key Impacts:
Loss of tariff-free status for Indian exporters.
Higher duties on U.S. agricultural goods by India.
Temporary dip in India-U.S. trade relations.
While relations have since improved, the Trump-era tariffs remain a reminder of how political shifts can reshape global trade.
@CRYPTO WITH SK OFFICIAL
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