Trump Claims India Charges Highest Tariffs, Vows Reciprocal Tax
Oct 11, 2024 07:47
Former US President Donald Trump claims India imposes the highest tariffs on foreign products and vows to introduce a reciprocal tax if elected. He criticizes India's tariff policies, particularly on Harley Davidson motorcycles, and highlights his close relationship with Prime Minister Modi.

Washington, Oct 11 (PTI) Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products.
Perhaps the most important element of my plan to make America extraordinarily wealthy again is reciprocity. It's a word that's very important in my plan because we generally don't charge tariffs. I started that process, it was so great, with the vans and the small trucks, etc. We really don't charge. China will charge us a 200 per cent tariff. Brazil is a big charger. The biggest charger of all is India, Trump said in a major economic policy speech in Detroit.
India is a very big charger. We have a great relationship with India. I did. And especially the leader, Modi. He's a great leader. Great man. Really is a great man. He's brought it together. He's done a great job. But they probably charge as much, he said.
I mean, I think they probably charge more than, in many ways, China. But they do it with a smile. They do it... Sort of a nicer charge. They said, thank you so much for purchasing from India. Harley Davidson came to the White House a long time ago during my third year or second year. I met with them. They were based in Wisconsin. I said, how's business? Good, good. What are the bad countries? Well, India is very tough. And they gave me some others. Why? Tariffs. I said, what are they? And they said like 150 per cent, some massive amount, Trump told the members of the Detroit Economic Club.
I said so do you sell many motorcycles because you think people want to buy a Harley. No, we sell very few in India, but they want us to go there. They said, if you go there and build your plant there, we're not going to charge you anything. I mean, you can do whatever you want. I said I don't like that. And I see they went, they built the plant, and now they do their business with India. They probably do it outside of India too. They built a very big plant in many countries, they do that. Then all of a sudden, you hear that they're leaving Milwaukee or they're leaving wherever they may be located, he said.
Thursday's remarks by Trump come following his praise for Prime Minister Narendra Modi earlier this week.
Trump described Modi as the nicest human being, saying the Indian leader is a friend of mine.
Modi, India. He's a friend of mine. He's great. Before him, they were replacing them every year. It's very unstable. He came over. He's a friend of mine. But on the outside, he looks like he's your father. He's the nicest, but he's a total killer, he said.
Trump recalled Modi's visit to Houston in 2019 to attend the Howdy Modi' event during his tenure and said: It was beautiful. It's like 80,000 people going crazy. We were walking around.
The Republican candidate said he shared a very good relationship with Modi.
Recalling that there were a couple of occasions where somebody was threatening India, Trump said: "I told Modi, let me help as I am very good with those people. To which he aggressively responded, I will do it. I will do it. And I would do anything necessary. We have defeated them for hundreds of years.' I said 'Whoa, what just happened there', he added.
Home »
Market News » Trump Claims India Charges Highest Tariffs, Vows Reciprocal Tax
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Prestige Hospitality IPO: Rs 2,700 Crore Raise...
Prestige Estates's hospitality arm, Prestige Hospitality Ventures, files for an IPO to...
Steel Industry Needs Support: Financing,...
Anant Goenka, RPG Group Vice-Chairman, highlights financing, dumping, and green...
Telcos Revenue Up 14% in Dec Quarter: Trai Data
Telecom service providers saw a 14.07% rise in gross revenue to Rs 96,390 crore in the...
Macrotech Developers Q4 Profit Surges 38% to Rs...
Macrotech Developers Ltd reported a 38% jump in Q4 profit to Rs 921.7 crore on higher...
Air India Gets GDP Certification for Cargo...
Air India has received Good Distribution Practices (GDP) certification for its cargo...
Steel Industry: India Aims for 300 Million...
India's steel secretary outlines plans to ensure quality and price stability, safeguard...
DDA Gets Rs 8,720 Crore for Civic Infra, Sports...
The Delhi Development Authority (DDA) has approved Rs 8,720 crore for FY26, focusing on...
Canara Bank, Indian Bank Cut Loan Rates: Home...
Canara Bank and Indian Bank reduce lending rates, making home and vehicle loans more...
India, South Africa Explore Local Currency...
India and South Africa discussed using local currencies for trade ''...
Navi Mumbai Airport: India's First with Water...
Maharashtra CM Fadnavis announces Navi Mumbai airport will be India's first with water...
Read More »