U.S. President Donald Trump said Monday he intends to end India`s preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free.
"I am taking this step because, after intensive engagement between the United States and the Government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India," Trump said in a letter to Congress.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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