India’s Water India is still hoping to hold the Trump administration from removing it from eligibility for lower tariffs under the Generalized System of Preferences (GSP). The latest message from New Delhi is that the government is looking at increasing imports from the U.S. to reduce its trade surplus with America. The offer might pair up with President Trump’s view of trade but is unlikely to be sufficient for USTR Robert Lighthizer. In fact, he is looking at initiating a Section 301 investigation into all of India’s trade practices. Such a study will find India has as much or more “water” (the gap between the applied and WTO-bound rates) in its tariff schedule as any other country, and that its constant flu...