Regulation

Trump affirms annulment of India's zero-duty status

The US President has threatened to revoke zero-duty on Indian imports in a ploy to force India to demonstrate its loyalty in the midst of an expanding global trade war.
Photo: Ritzau Scanpix/AP Polfoto/Evan Vucci
Photo: Ritzau Scanpix/AP Polfoto/Evan Vucci
BY BLOOMBERG NEWS, BY ANDY MUKHERJEE

President Donald Trump just piled another problem on to the already-full slate of Indian Prime Minister Narendra Modi. By removing zero-duty access for USD 6.3 billion of Indian goods, the US leader threatens growth at a time when India's economy can least afford it.

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