Trump Plans to End Key Trade Preferences for India and Turkey


A trade “preference” can be granted. But it can also be taken away. This can create uncertainty and instability in the marketplace.

(From Bloomberg)

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.

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