WASHINGTON: The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment. India has been the single biggest beneficiary of the decades-old US Generalized System of Preferences program, allowing the country to export $5.7 billion worth of duty-free goods in 2017, according to figures from US Congress.

Source: www.arabnews.com