US President Donald Trump has expressed his concerns over the reduction in import tariffs and has said that the move was unacceptable
New Delhi: The Indian government has reduced its import tariff on American motorcycles from 100 per cent to 50 per cent and this did not go down well with US President Donald Trump. He has expressed his concerns over this and said that the move was unacceptable to him as he wants India to reduce import tariff to zero.
Trump was referring to the import tariff on the American motorcycle ‘Harley Davidson’. He also said that the US, under his leadership, cannot be fooled.
"We're not the foolish country that does so badly. You look at India, a very good friend of mine, Prime Minister (Narendra) Modi, you take a look at what they've done, 100% tax on a motorcycle. We charge them nothing," Trump told CBS news in an interview on Monday.
He has also informed that the two countries are still in talks to resolve the issue of import tariffs over American motorcycles. While comparing the US to a bank, Trump said that everyone wants to rob it.
Trump has clarified that the US has USD 800 billion in trade deficits with other countries.
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Last Updated Jun 11, 2019, 6:25 PM IST