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U.S. Ends Preferential Trade Deals With India, Turkey

Posted March 05, 2019

Under Economic Issues, International Trade Issues


(Associated Press)

Turkey and India reacted with a mix of anger and resignation Tuesday at the United States’ decision to end a preferential trade program with the countries that will see some tariffs return on goods.

U.S. Trade Representative Robert Lighthizer announced Monday that India and Turkey will within 60 days no longer qualify for a zero-tariffs status that is given to some poor countries to help them grow. The decision came at U.S. President Donald Trump’s direction.

Turkey’s trade minister slammed the decision, saying it would only harm American small- and medium-sized enterprises and manufacturers by raising costs.

Ruhsar Pekcan tweeted on Tuesday that Turkey intends to press ahead with efforts to increase trade with the U.S. to $75 billion “without losing any momentum.” Click here to read more.

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