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GSP: Altering Preferential Status A ‘Significant’ Change To India-U.S. Trade Ties, Says Raj Bhala 

The total GSP benefits were to the tune of $119 million on a trade of $5.6 billion, says Commerce Secretary Wadhawan.

Sai Ishwarbharath
Narendra Modi, India’s prime minister, left, listens as U.S. President Donald Trump, speaks during a joint statement in the Rose Garden of the White House on June 26. (Photographer: Andrew Harrer/Bloomberg)

The Donald Trump administration’s decision to end the preferential trade benefits enjoyed by India will have larger ramifications, according to Raj Bhala.

Watch the full interaction here:

Also Read: Trump Plans to End Key Trade Preferences for India and Turkey

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ITR Filing Deadline Extended Till Sept 16 Amid Complaints Of Glitches On E-Filing Portal

  • chevron-double-right The Income Tax Return filing deadline for AY 2025-26 has been extended to 16 September 2025
  • chevron-double-right The e-filing portal will be under maintenance from midnight to 02:30 am on Tuesday
  • chevron-double-right Over seven crore tax returns have been filed so far for AY 2025-26
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