2024 US Presidential Elections: Donald Trump Issues Stern Warning to India on Reciprocal Tax
United States of America: Former President Donald Trump raised the India tax issue on certain American products, particularly Harley-Davidson motorcycles. He has threatened to slap a reciprocal tax if voted to power in the 2024 US presidential elections.
In an interview with Fox Business News, Trump heavily criticized Indian tax rates, which he said were quite high, at over 100 percent.
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 Davison. I was saying, How do you do in a place like India? Oh no good, sir, why do they have 100 percent, 150 percent, and 200 percent traffis? Trump told Fox Business News:
The former US President said they sell Indian motorbikes to us with no tax and no tariff, and when our American motorbike Harley Davidson is made and sent to India, they are doing no business.
Trump said That Brazil is also very big on traffis But India is very big, and Brazil is very big on traffis. He said, Let me ask you a question: If India is charging us 200 percent tax and we are charging them nothing for products.
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