Former US president Donald Trump, who is seeking his term, has once again raised the issue of high taxes by India on certain American products in particular the iconic Harley-Davidson motorcycles, and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections. During his first term as the US president, Trump described India as a \u201ctariff king\u201d and in May 2019, terminated India\u2019s preferential market access \u2014 Generalised System of Preferences (GSP) \u2014 to the United States alleging India has not given the United States \u201cequitable and reasonable access to its markets.\u201d In an interview with Larry Kudlow of Fox Business News, Trump said came down heavily on India\u2019s tax rates, which he alleged were quite high.<\/p>\n
\u201cThe other thing I want to have is a matching tax where, if India charges us \u2014 India is very big with tariffs. I mean, I saw it with Harley-Davidson. I was saying, how do you do in a place like India? Oh, no good sir. Why? They have 100 per cent and 150 per cent and 200 per cent tariffs,\u201d said the former president. \u201cSo, I said, so they can sell their Indian motorbike. They actually make a bike, an Indian motorbike. They can sell that into our country with no tax, no tariff, but when you make a Harley, when you send it over there \u2014 because they were doing no business. I said, how come you don\u2019t do business with India? The tariff is so high that nobody wants it. But what they want us to do is, they want us to go over and build a plant, and then you have no tariff,\u201d Trump said.<\/p>\n
\u201cThey said, well, that\u2019s not good. That\u2019s not our deal, OK? That\u2019s not our deal. And I came down very hard on them. But India is very big. Brazil is very big on tariffs, I mean, very, very big. We had a couple of people, like the senator from a place called Pennsylvania that I love. But this guy was just horrendous. I said, let me ask you a question. If India is charging us 200 per cent, and we\u2019re charging them nothing for products, can we charge them 100 per cent? No, sir, that\u2019s not free trade. Can we charge them 50 per cent? No, sir. Twenty-five, 10, anything? No. I said, what the hell is wrong? There\u2019s something wrong. You know what I\u2019m talking about,\u201d he said.<\/p>\n
\u201cIf India is charging us too, so what I want to have is a \u2014 call it retribution. You could call it whatever you want. If they are charging us, we charge them,\u201d Trump said in response to a question. The former president, who is facing a series of court cases and indictments, is leading the Republican presidential primaries, and accounts for more than half of the GOP votes according to major national polls.<\/p>\n","protected":false},"excerpt":{"rendered":"
Former US president Donald Trump, who is seeking his term, has once again raised the issue of high taxes by\u2026<\/p>\n","protected":false},"author":28,"featured_media":1679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[88],"tags":[178,168,179,96,177,95],"class_list":["post-1678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-relations","tag-american-products","tag-donald-trump","tag-harley-davidson","tag-india","tag-taxes","tag-usa"],"reading_time":"3 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/1678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=1678"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/1678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/1679"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=1678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=1678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=1678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}