Daijiworld Media Network - Mangaluru (SHP)
Washington, Jun 11: Donald Trump, President of the United States, is rattled with import tariffs levied by India on American motorcycles. Although the tariffs have dropped from a 100 percent to 50 percent, Trump argued that it should be further reduced.
In an interview with CBS news he said, "We are not a foolish country that does so badly. You look at India, very good friend of mine, Prime Minister Narendra Modi, you take a look at what they have done, 100 percent tax on a motorcycle. We charge them nothing."
It is believed that the objection on import tariffs is in reference to Harley Davidson motorcycles. Trump is quite fond of the brand and wants India to waive off the tariff on the same.
“So, when Harley is sent over there, they have 100 percent tax. When India sends in they make a tremendous number of motorcycles, when they send them in, no tax."
Trump stated that he discussed about the matter with Prime Minister Narendra Modi. The conversation led to the 50 percent drop. Still, it was deemed unacceptable by Trump. He assured that he is still in talks to resolve the issue of import tariffs on American motorcycles. He wants to completely nullify the tariffs for the brand.
“But if I did not, if we did not have the power of what we have and if we were not the bank--well, if we were not the bank we would not even be talking about it because nobody would care," Trump later commented.
He further went on to claim that America is a bank that everybody wants to rob. Over USD 800 billion are in trade deficits with other countries. "So you tell me who made those deals,” he stated as an answer to a question.