HomeBusinessDonald Trump: India is a high tariff country

Donald Trump: India is a high tariff country

Reader's Pick

India is a very high-tariff nation, US President Donald Trump alleged on Saturday, stating that he wants a reciprocal tax or at least some kind of tax.

“India is a very high-tariff nation. They charge us a lot,” Trump said in his address to the Conservative Political Action Conference (CPAC) in the Maryland suburb of Washington DC.

In his speech that lasted for more than two hours, Trump touched a wide range of issues including domestic, global and bilateral relationship with countries like India.

Referring to his often-cited example of the iconic Harley-Davidson motorcycles, he said, “When we send a motorcycle to India, it’s a hundred per cent tariff. They charge 100 per cent when India sends a motorcycle to us, we brilliantly charge them nothing.”

- Advertisement -

“So, I want a reciprocal tax or at least, I want to charge a tax. It’s called the mirror tax, but it’s reciprocal,” Trump asserted.

Early this year, at a White House event to announce his support for reciprocal tax, Trump had said he was satisfied with the Indian decision to reduce the import tariff on Harley-Davidson motorcycles from 100 per cent to 50 per cent. “Even this is not enough, this is okay,” he had said.

“Look at motorcycles as an example. (In) India, it was 100 per cent. I got them down to 50 per cent, just by talking for about two minutes. It’s still 50 per cent vs 2.4 per cent (on imported motorcycles to the US). Again, other than that, it’s a very fair deal,” the president had told reporters at the White House on January 24.

On Saturday, he used the Indian example of how other countries were imposing high taxes on American products and now it was time for the US to impose a reciprocal tax. To prove his point, Trump said, he was using India as an example.

- Advertisement -

“But India is a very high-tariff nation. And they charge tremendously. So they charge a hundred. So I say, I’m not going to charge you a hundred, but I’m going to charge 25 per cent, and I hear this turmoil in the Senate because we are charging 25 per cent,” he said.

Trump told his supporters that there was resistance to his move from the Senate.

“I say, fellows, listen, they are charging us a hundred per cent. For the exact same product, I want to charge them 25 per cent. I feel so foolish charging 25, because it should be a hundred. But I’m doing 25 only because of you. I want to get your support,” he said.

Thereafter, Trump mimicked the response from the lawmakers. “Sir, that’s not free trade. Where did these people come from? Where do they come from? I need your help, I need your help, the voters’ help. Where do they come from?,” he said.

Trump said the US could not allow a country to charge it 100 per cent while it got nothing for the exact same product.

“For one thing, they don’t respect us. They think we’re stupid. They don’t respect us. But let me tell you something, the world respects our country again,” he said.

“America is now booming like never before. Other countries are doing very poorly,” Trump said.

close

Stay on top of Budget 2023 with our newsletter

- Advertisement -

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment pot...

COVID-19: Amazon India partners with Acko General Insurance to offer free health insurance to sellers

India's leading e-commerce company Amazon India on Wednesday announced its part...

Viber plans to roll out a new app-based payment feature

Rakuten Viber, a global leader in private and secure messaging and voice-based ...