Vastavam web: US President Donald Trump today slammed India for a high import tariff on Harley-Davidson motorcycle, calling it “unfair”, even as New Delhi slashed customs duty on imported motorcycles from high-end brands to 50 per cent.Trump, during a discussion with members of the Congress over steel industry, also threatened to increase the tariff on import of Indian motorcycles to the US.”We have so many countries where we made a product, they make a product, ..We pay a tremendous tax to get into their countries — motorcycles, Harley Davidson — it goes into a certain country. I won’t mention the fact that it happens to be India, in this case,” Trump said amidst laughter from the audience.
In fact, he also indirectly referred to the recent conversation he had with Prime Minister Narendra Modi in this regard.”We have — if you are Harley Davidson, you have 50 to 75 per cent tax, tariff to get your motorcycle, your product in. And yet they sell thousands and thousands of motorcycles, which a lot of people don’t know, from India into the United States. You know what our tax is? Nothing,” he told the lawmakers and his other Cabinet colleague.
Trump once again pitched for a “reciprocal tax” on countries that he says abuse their trade relationships with the US.Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.”That’s called fair trade. It’s called free trade. Because ultimately, what’s going to happen — either we’ll collect the same that they’re collecting, or, probably, what happens is they’ll end up not charging a tax and we won’t have a tax. And that becomes free trade,” Trump said.