India Is One of the ‘Highest Taxing Nations’ in the World: Donald TrumpApril 04, 2019 17:37
(Image source from: ABC News)
President Donald Trump has alleged that India is one of the world’s “highest taxing nations” and further criticized the country imposing 100 percent tariffs on American products, including the iconic Harley-Davidson motorcycles.
During his address at the National Republican Congressional Committee Annual Spring Dinner on Tuesday, Trump said such a high tariff is not fair.
Last year at a White House event to announce his support for the reciprocal tax, Trump had said he was satisfied with the Indian decision to reduce the import tariff on high-end Harley-Davidson motorcycles from 100 percent to 50 percent. “Even this is not enough, this is okay,” he said at that time.
Trump has repeatedly claimed that India is a “tariff king” and imposes “tremendously high” tariffs on American products.
“I got a call from Prime Minister (Narendra) Modi of India. They’re one of the highest taxing nations in the world. They taxed us 100 percent,” Trump said reiterating his often-heard remarks on the Indian tariff structure.
“They charge us 100 percent tariffs on goods. So they send a motorcycle - and they make a lot of them - Indian cycles. They send them to our country, we charge them nothing. We send a Harley Davidson to India and they charge us 100 percent. Not fair, okay. Not reciprocal. It’s not fair,” Trump said.
During his address to the National Republican Congressional Committee Annual Spring Dinner, Trump explained how his trade policies are successfully addressing the balance of trade issue with other countries.
Trade talks with China are going on very well, he said.
The world’s two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminum items from China in March earlier this year, a move that sparked fears of a global trade war.
Trump imposed tariff hikes of up to 25 percent on USD 250 billion of Chinese goods. In response, China, the world’s second largest economy after the United States, imposed tit-for-tat tariffs on USD 110 billion of American goods.
Top trade officials from America and China are holding talks to negotiate a comprehensive trade deal.
“I think we’re doing very well. They need the deal more than we do. They need the deal. And they get hurt badly with they’re paying 25 percent on USD 50 billion worth of technology stuff and they were going to pay 25 percent on another USD 200 billion,” he said.
Trump said his administration is fixing broken trade deals to protect the American workers.
“We are standing up to China’s chronic trading abuses and theft of intellectual properties and so many other things that they’ve done to us,” he said.
“I don’t know how you people allowed this to happen for so many years. You’ve been here longer than me. But they really have, they’ve taken advantage of our country. And you know what? I respect them for it. I say it. We should have been doing that to them,” he said.
By Sowmya Sangam