US President Donald Trump on Saturday alleged that India is a very high-tariff nation and US also needs to impose a reciprocal tax of same kind.
“India is a very high-tariff nation. They charge us a lot,” Trump said in his address to the Conservative Political Action Conference (CPAC) in the Maryland suburb of Washington DC.
Trump also emphasised issues like domestic, global and bilateral relationship with countries like India in his speech.Trump effectively quoted the example of Harley-Davidson motorcycles to show how other countries were imposing high taxes on US.
“So, I want a reciprocal tax or at least, I want to charge a tax. It’s called the mirror tax, but it’s reciprocal,” Trump asserted.
On Saturday, he used the Indian example of how other countries were imposing high taxes on American products and now it was time for the US to impose a reciprocal tax. To prove his point, Trump said, he was using India as an example.
“But India is a very high-tariff nation. And they charge tremendously. So they charge a hundred. So I say, I’m not going to charge you a hundred, but I’m going to charge 25 per cent, and I hear this turmoil in the Senate because we are charging 25 per cent,” he said.
Trump said the US could not allow a country to charge it 100% while it got nothing for the exact same product.
“For one thing, they don’t respect us. They think we’re stupid. They don’t respect us. But let me tell you something, the world respects our country again,” he said.