US-India trade disagreement centred around India's refusal to allow the liberalization of pricing policies on certain key medical devices.
On Tuesday, the US announced that it would remove India from the so-called Generalized System of Preferences after several decades. The GSP allowed India to send around $5.6 billion of goods to the US annually with no duties, but the Trump administration decided to end the agreement over a dispute, which saw the US accusing India of having a"wide array of trade barriers that create serious negative effects on United States commerce."
In India, both pieces of equipment are classified as"essential medicine" — meaning their prices are capped. As part of a future trade agreement, the US reportedly insisted that such devices were declassified as essential, which would have allowed US medical equipment companies to come into the Indian market and sell such devices for a big profit.
Yeah , go ahead and remove every country that are in disagreement with the US over it's trade policy and you would soon be isolated from the rest of the world . Your protectionism policies is a big joke !