WASHINGTON: Former US President Donald Trump, who’s vying for one more time period, has as soon as once more introduced up the problem of India imposing high taxes on particular American items, notably the enduring Harley-Davidson bikes. He has issued a warning that if he secures victory within the 2024 presidential elections, he intends to impose corresponding taxes on Indian merchandise.
This isn’t the primary time that Trump is raking high import tariff imposed by India on sure merchandise. Trump labeled India as a “tariff king” in 2018. In May 2019, he terminated India’s preferential market entry beneath the Generalised System of Preferences (GSP) association, citing India’s failure to grant the US truthful and affordable market entry.
After Trump’s criticism, India had slashed customs responsibility on high-end imported bikes from 75% to 50%. Tump had additionally raised high Indian responsibility on American whiskey.
In an interview with Larry Kudlow of Fox Business News, Trump criticized India’s elevated tax charges, which he asserted had been significantly high.
Discussing the matter, the previous president acknowledged, “Another point I’d like to emphasize is the concept of a reciprocal tax. India has been imposing substantial tariffs, especially evident in the case of Harley-Davidson. I questioned how Harley-Davidson fares in a market like India. The response was negative due to exorbitant tariffs—100 percent, 150 percent, even 200 percent.”
Continuing, he defined, “Essentially, Indian-made motorcycles enter our country without any tax or tariff. However, when we send over Harley-Davidson motorcycles, they face prohibitive tariffs, stifling business prospects. When I inquired about this, their proposal was for us to establish a plant in India, thereby evading tariffs. I contested this, as it was contrary to our interests. While I addressed this firmly, it’s important to note that India holds significant economic influence. Likewise, Brazil also imposes substantial tariffs. I encountered resistance, even from individuals like a senator from Pennsylvania whom I admire. I posed a question: If India levies a 200 percent charge on us and we impose no tariffs on their products, should we reciprocate with a 100 percent tariff? The response was negative, as it would be considered inconsistent with the concept of free trade. This dialogue reveals a significant issue.”
Trump elaborated, “If India implements tariffs against us, my approach is one of reciprocity. This could be interpreted as retribution or under a different term. If they impose charges on us, we reciprocate.”
The former president, who’s contending with a sequence of authorized instances and allegations, is main the Republican presidential primaries. Major nationwide polls point out that he instructions over half of the GOP votes.
(With inputs from businesses)
This isn’t the primary time that Trump is raking high import tariff imposed by India on sure merchandise. Trump labeled India as a “tariff king” in 2018. In May 2019, he terminated India’s preferential market entry beneath the Generalised System of Preferences (GSP) association, citing India’s failure to grant the US truthful and affordable market entry.
After Trump’s criticism, India had slashed customs responsibility on high-end imported bikes from 75% to 50%. Tump had additionally raised high Indian responsibility on American whiskey.
In an interview with Larry Kudlow of Fox Business News, Trump criticized India’s elevated tax charges, which he asserted had been significantly high.
Discussing the matter, the previous president acknowledged, “Another point I’d like to emphasize is the concept of a reciprocal tax. India has been imposing substantial tariffs, especially evident in the case of Harley-Davidson. I questioned how Harley-Davidson fares in a market like India. The response was negative due to exorbitant tariffs—100 percent, 150 percent, even 200 percent.”
Continuing, he defined, “Essentially, Indian-made motorcycles enter our country without any tax or tariff. However, when we send over Harley-Davidson motorcycles, they face prohibitive tariffs, stifling business prospects. When I inquired about this, their proposal was for us to establish a plant in India, thereby evading tariffs. I contested this, as it was contrary to our interests. While I addressed this firmly, it’s important to note that India holds significant economic influence. Likewise, Brazil also imposes substantial tariffs. I encountered resistance, even from individuals like a senator from Pennsylvania whom I admire. I posed a question: If India levies a 200 percent charge on us and we impose no tariffs on their products, should we reciprocate with a 100 percent tariff? The response was negative, as it would be considered inconsistent with the concept of free trade. This dialogue reveals a significant issue.”
Trump elaborated, “If India implements tariffs against us, my approach is one of reciprocity. This could be interpreted as retribution or under a different term. If they impose charges on us, we reciprocate.”
The former president, who’s contending with a sequence of authorized instances and allegations, is main the Republican presidential primaries. Major nationwide polls point out that he instructions over half of the GOP votes.
(With inputs from businesses)
