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Motor show. Im Stephen Beard thanks for joining us. Washington will end its preferred trade status for india and turkey expanding president Donald Trumps effort to overhaul what he considers bad global trade deals the decision to target indias a surprising one committal wisdom holds that the u. S. Needs good relations with the south asian nation as a balance to china but some exporters there are now there now stand to pay more for the change going into effect in sixty days its a move that has observers scratching their heads. One hundred and ninety Million Dollars in import fees saved on five point six billion dollars in goods the trade concession known as the generalized system of preferences or d. S. P. Was meant to help developing countries like india compete in a crowded u. S. Market now its drawn into present trumps anger over u. S. Trade deals. I think if it is imposed which i am hopeful it will not be then we will become to that extent uncompetitive indian products will become u

New yorkUnited statesFrance generalUnited kingdomHaro joseJose luisStephen beardDonald trumpsGlobal tradeMillion dollarsPoint sixSystem preferencesManufacturing sectorIndia nationalIndia national electionsNational elections