India levies high taxes, would return favour if voted to power: Trump

In an interview to Larry Kudlow of Fox Business News, Trump said came down heavily on India tax rates, which he alleged was quite high

Donald Trump
Donald Trump (Photo: Bloomberg)
Press Trust of India Washington
3 min read Last Updated : Aug 21 2023 | 8:49 AM IST

Former US president Donald Trump, who is seeking his term, has once again raised the issue of high tax by India on certain American products in particular the iconic Harley-Davidson motorcycles, and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections.

During his first term as the US president, Trump described India as a tariff king and in May 2019, terminated India's preferential market access -- Generalised System of Preferences (GSP) -- to the United States alleging India has not given the United States equitable and reasonable access to its markets.

In an interview to Larry Kudlow of Fox Business News, Trump said came down heavily on India tax rates, which he alleged was quite high.

The other thing I want to have is a matching tax where, if India charges us -- India is very big with tariffs. I mean, I saw it with Harley-Davidson. I was saying, how do you do in a place like India? Oh, no good sir. Why? They have 100 per cent and 150 per cent and 200 per cent tariffs, said the former president.

So, I said, so they can sell their Indian motorbike. They actually make a bike, an Indian motorbike. They can sell that into our country with no tax, no tariff, but when you make a Harley, when you send it over there -- because they were doing no business. I said, how come you don't do business with India? The tariff is so high that nobody wants it. But what they want us to do is, they want us to go over and build a plant, and then you have no tariff, Trump said.

They said, well, that's not good. That's not our deal, OK? That's not our deal. And I came down very hard on them. But India is very big. Brazil is very big on tariffs, I mean, very, very big. We had a couple of people, like the senator from a place called Pennsylvania that I love. But this guy was just horrendous. I said, let me ask you a question. If India is charging us 200 per cent, and we're charging them nothing for products, can we charge them 100 per cent? No, sir, that's not free trade. Can we charge them 50 per cent? No, sir. Twenty-five, 10, anything? No. I said, what the hell is wrong? There's something wrong. You know what I'm talking about, he said.

If India is charging us too, so what I want to have is a -- call it retribution. You could call it whatever you want. If they are charging us, we charge them, Trump said in response to a question.

The former president, who is facing a series of court cases and indictments, is leading the Republican presidential primaries, and accounts for more than half of the GOP votes according to major national polls.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Joe BidenDonald TrumpDonald Trump JrUS President TrumpUS Presidential elections 2020

First Published: Aug 21 2023 | 8:49 AM IST

Next Story