Donald Trump threatens India with reciprocal tax if re-elected in 2024

Republican presidential candidate and former president Donald Trump is facing a series of court cases and indictments. File

Republican presidential candidate and former president Donald Trump is dealing with a sequence of court docket circumstances and indictments. File
| Picture Credit score: AP

Former U.S. president Donald Trump, who’s in search of his time period, has as soon as once more raised the difficulty of excessive tax by India on sure American merchandise particularly the enduring Harley-Davidson bikes, and has threatened to slap with reciprocal tax if voted to energy within the 2024 presidential elections.

Throughout his first time period because the U.S. president, Mr. Trump described India as a “tariff king” and in Could 2019, terminated India’s preferential market entry — Generalised System of Preferences (GSP) — to the US alleging India has not given the US “equitable and affordable entry to its markets.”

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In an interview with Larry Kudlow of Fox Enterprise Information, Mr. Trump stated got here down closely on India tax charges, which he alleged was fairly excessive.

“The opposite factor I need to have is an identical tax the place, if India prices us — India may be very massive with tariffs. I imply, I noticed it with Harley-Davidson. I used to be saying, how do you do in a spot like India? Oh, no good sir. Why? They’ve 100% and 150% and 200% tariffs,” stated the previous president.

“So, I stated, to allow them to promote their Indian motorcycle. They really make a motorbike, an Indian motorcycle. They will promote that into our nation with no tax, no tariff, however if you make a Harley, if you ship it over there — as a result of they have been doing no enterprise. I stated, how come you do not do enterprise with India? The tariff is so excessive that no person desires it. However what they need us to do is, they need us to go over and construct a plant, after which you haven’t any tariff,” Mr. Trump stated.

“They stated, properly, that is not good. That is not our deal, OK? That is not our deal. And I got here down very laborious on them. However India may be very massive. Brazil may be very massive on tariffs, I imply, very, very massive. We had a few folks, just like the senator from a spot referred to as Pennsylvania that I like. However this man was simply horrendous. I stated, let me ask you a query. If India is charging us 200%, and we’re charging them nothing for merchandise, can we cost them 100%? No, sir, that is not free commerce. Can we cost them 50%? No, sir. Twenty-five, 10, something? No. I stated, what the hell is unsuitable? There’s one thing unsuitable. You realize what I am speaking about,” he stated.

“If India is charging us too, so what I need to have is a — name it retribution. You possibly can name it no matter you need. If they’re charging us, we cost them,” Mr. Trump stated in response to a query.

The previous president, who’s dealing with a sequence of court docket circumstances and indictments, is main the Republican presidential primaries, and accounts for greater than half of the GOP votes in response to main nationwide polls.

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