domingo, 3 de marzo de 2019

India is a high-tariff nation, I want a reciprocal tax: Donald Trump | World News, The Indian Express

India is a high-tariff nation, I want a reciprocal tax: Donald Trump | World News, The Indian Express

By PTI |Washington |Published: March 3, 2019 7:37:33 am

India is a high-tariff nation, I want a reciprocal tax: Donald Trump

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.

India is a high-tariff nation, I want a reciprocal tax: Donald Trump
Donald Trump was speaking to the Conservative Political Action Conference (CPAC) in the Maryland suburb of Washington DC.. (AP File Photo)
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.”
“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.

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