The us also wants to deny the generalised system of

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other programmes for Indian exporters. The US also wants to deny the generalised system of preferences (GSP) preferential market access for Indian textiles, leather and other products. 51 Last but not least, the US wants to terminate the special and differential flexibilities for India, China and South Africa, among others. Unless New Delhi stands strong like China, without yielding ground and offering market access whenever Trump blows hot and cold, the government could worsen the plight of its hundreds of millions of poor farmers in the days to come. India has complained to the WTO against the US tariffs on steel and aluminium imports citing inconsistency with global trade norms. New Delhi listed 49. Anirban Nag, India May Become Surprise Victim of Trade War ”, April 18 2018, available at : - may - become - surprise - victim - of - trade - war - says - Rabobank.html 50. D. Ravi Kanth, Lessons for India from the US - China Trade War ”, available at - for - India - from - the - US - China - trade - war.html 51. Ibid.
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US - CHINA Trade War: Analyses of Deeper Nuances and Wider Implications 42 multiple violations of WTO norms such as discrimination against its imports, introduction of restrictions in form of quotas and using tariffs to get other coun- tries to agree to "voluntary export restraints as the basis for the complaint. 52 India said the US duties of 25 percent and 10 percent on imports of steel and aluminium products respectively, are inconsistent with provisions of the WTO's General Agreement on Tariffs and Trade (GATT) 1994 and of the Agreement on Safeguards in the request for dispute consultations. China, India's largest trade partner, can definitely help with all that by buying more from India to cut down last year's trade surplus of $51.7 billion. China is doing some of that. India's exports to China last year increased 39.1 per cent to $16.3 billion. But, there is still a long way to go because China takes only about 4 percent of India's exports. Key International Challenges Internationally, the key challenges are: - Managing the combative economic relationship between the US and China. The slower growth in the transatlantic area (the US and Europe). The role of regional trade agreements (RTAs). But, a trade war would exacerbate the weakening of, if not destroy, the liberal norms of openness that have characterised the global trading regime since the end of World War II. It would detract from China s infractions of the global trade system, cede moral high ground to China and very possibly strengthen its relations with Europe at the very time when transatlantic cooperation is also being weakened by US behaviour. The role of regional trade agreements (RTAs) for the global trade regime is becoming even more theoretically. While there is a massive literature on the subject there is no definitive agreement on whether they are to be trade enhancing rather than defensive mechanisms in the wider geo - strategic game. Analysts and
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