By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News HonourNews Honour
Reading: 2024 US Presidential Elections: Donald Trump's big warning to India ‘Reciprocal tax if…' | Mint – Mint
Share
Notification Show More
Aa
Aa
News HonourNews Honour
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News Honour > Blog > Business > 2024 US Presidential Elections: Donald Trump's big warning to India ‘Reciprocal tax if…' | Mint – Mint
Business

2024 US Presidential Elections: Donald Trump's big warning to India ‘Reciprocal tax if…' | Mint – Mint

PATELPAYAL
Last updated: 2023/09/16 at 6:34 AM
By PATELPAYAL 4 Min Read
Share
SHARE

Former US President Donald Trump has once again raised the India tax issue on certain American products in particular the iconic Harley-Davidson motorcycles. He has threatened to slap with reciprocal tax if voted to power in the 2024 US presidential elections. 
During his first term in the United States, Donald Trump described India as a ‘tariff king’ and in May 2019, terminated India’s preferential market access alleging that the country has not given the US equitable and reasonable access to its markets. 
In an interview with Fox Business News, Trump heavily came down on Indian tax rates which he said were ‘quite high’ to over 100 percent. 
“The other thing I want to have is a matching tax where, if India charges us — 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 percent and 150 percent and 200 percent tariffs,” Trump told Fox Business News. 
“So, 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 — because they were doing no business,” the former US President said. 
“I said, how come you don’t 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,” he added. 
Apart from India, Trump said that Brazil is also ‘very big’ on tariffs. “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 percent, and we’re charging them nothing for products, can we charge them 100 percent? No, sir, that’s not free trade. Can we charge them 50 percent? No, sir. Twenty-five, 10, anything? No. I said, what the hell is wrong? There’s something wrong. You know what I’m talking about,” Trump further said as quoted by Fox Business News. 
Currently, Trump is facing a series of court cases and indictments. He is also leading the Republican presidential primaries, and accounts for more than half of the GOP votes according to major national polls. 
However, he has officially announced his decision to skip the upcoming Republican primary debate, the first of the 2024 cycle.
 
(With PTI inputs)
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It’ll just take a moment.
You are just one step away from creating your watchlist!
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
Your session has expired, please login again.
You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.
This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp

source

You Might Also Like

ePlus Launches its Proprietary Compromise Nothing Security … – PR Newswire

News you need: Wednesday, October 4, 2023 | Mississippi Business … – Northeast Mississippi Daily Journal

Behind the scenes takes from Day 1 of the biggest trial in business – Fortune

Amwell® to Participate in Key HLTH 2023 Engagements | West … – WV News

Trane Technologies Declares Quarterly Dividend | West Virginia … – WV News

PATELPAYAL September 16, 2023 September 16, 2023
Share This Article
Facebook Twitter Email Print
Previous Article US business to fuel growth for Indian pharma companies | Mint – Mint
Next Article Unsafe water still hampers services as more Maui businesses reopen – Maui News
Leave a comment

Leave a Reply Cancel reply

Connect with:
Facebook Google Twitter

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow
- Advertisement -
Ad image

Latest News

ePlus Launches its Proprietary Compromise Nothing Security … – PR Newswire
Business
News you need: Wednesday, October 4, 2023 | Mississippi Business … – Northeast Mississippi Daily Journal
Business
Behind the scenes takes from Day 1 of the biggest trial in business – Fortune
Business
Amwell® to Participate in Key HLTH 2023 Engagements | West … – WV News
Business
Newshonor © 2023. All Rights Reserved.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Register Lost your password?