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Trump moves to scrap trade privilege for India

U.S. President Donald Trump looked set to open a new front in his trade wars with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States. The move comes as trade tensions between the United States and India mount. The United States is trying to rework pacts with a number of other countries as well, including China. Trump has said weak deals have cost millions of American jobs and has vowed to cut U.S. trade deficits.

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Reuters
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