India Commerce Secretary Anup Wadhawan said US ending the preferential treatment to India has “relatively limited impact. The duty benefits were just at USD 190m even though it’s the largest beneficiary of the GSP with $5.7 billion in imports to the U.S. given duty-free status.
Also, Wadhawan said India doesn’t plan to impose retaliatory tariffs on US goods. Both countries have been working on a trade package to address each other’s concerns.
