US President Donald Trump has threatened to soon impose retaliatory tariffs on countries around the world, including India and China. Trump openly said that the US will impose tariffs on these countries based on the treatment they receive from the US. Recently, PM Modi visited the US for two days. During this, he talked to Trump on the issue of tariffs including trade, defense. Donald Trump gave the latest statement in the press conference.
We want to be fair
On Friday, Donald Trump said that the US will also impose the same tariffs that these countries impose on American goods. “We will soon announce retaliatory tariffs. These countries impose tariffs on us, we will also impose tariffs on them. We want to be fair. Any company or country, be it India or China, which imposes tariffs, we will also impose the same tariffs on them.” Trump further said that “We have never done this before. We wanted to take this step even before the Covid pandemic.” Tariffs in India are very high: Trump
Donald Trump strongly criticized India’s tariff policy before a bilateral meeting with PM Modi in Washington. He said that tariffs are the highest in India, which makes it difficult to do business there. Trump has called India the ‘tariff king’ on several occasions before.
It is very difficult to do business in India
Donald Trump made this statement when he was asked about the meeting between PM Modi and Tesla CEO Elon Musk in a press conference. Trump said, “They met. I think they want to do business in India, but it is very difficult to do business in India because of the tariffs. Tariffs are the highest in India, which makes it difficult to do business. I think they met because they are running a company.”
Trump again mentioned Harley Davidson
US President Donald Trump is not able to forget the Harley Davidson case. He has mentioned it several times. Harley Davidson had to face heavy tariffs in India. Trump said that American companies are forced to set up manufacturing units abroad to avoid high import duties.
Trump said that India is at the forefront in this matter. There are some smaller countries that impose even higher tariffs, but India imposes very high tariffs. “I remember Harley Davidson could not sell its motorbikes in India because the tariffs in India were very high. Harley Davidson was forced to set up a manufacturing unit in India.”
