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Wednesday, February 14, 2018

Trump slams India for Harley tax overload!

  • Trump also indirectly referred to the recent conversation he had with Prime Minister Narendra Modi in this regard.
US President Donald Trump on Wednesday criticised India for imposing high import duty on the iconic Harley-Davidson motorcycles and threatened to increase the import tariff on "thousands and thousands" of Indian motorcycles to the US.
During a discussion with members of the Congress on the steel industry, Trump said the recent decision of the Indian government to reduce the tariff from 75 per cent to 50 per cent was not enough and asked that it should be reciprocal, as the US imposes "zero tax" on the import of motorcycles.

Trump also indirectly referred to the recent conversation he had with Prime Minister Narendra Modi in this regard.

"And a great gentleman called me from India and he said, we have just reduced the tariff on motorcycles, reduced it down to 50 per cent from 75, and even 100 per cent," Trump said.

"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," Trump told the lawmakers and his Cabinet colleagues.

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