US President-elect Donald Trump has stated that India expenses a “excessive tariff” and reiterated his intentions of reciprocal tariffs, if New Delhi continues to levy excessive taxes on import of American merchandise.
Chatting with reporters at Mar-a-Lago on Monday, Trump criticised India’s tariff expenses, highlighting 100% tariff for some particular US merchandise.
“The phrase reciprocal is necessary as a result of if anyone expenses us, India, we don’t have to speak about our personal, if India expenses us 100 per cent, will we cost them nothing for a similar? You realize, they ship in a bicycle and we ship them a bicycle. They cost us 100 and 200,” Trump stated, as quoted by PTI.
Responding to a query on a possible commerce settlement with China, Trump stated that it was India and Brazil which levy excessive tariffs.
“India expenses quite a bit. Brazil expenses quite a bit. In the event that they wish to cost us, that’s positive, however we’re going to cost them the identical factor,” Trump stated on the information briefing.
Trump claimed that in nearly all of the circumstances, US merchandise are being taxed however the American administration has not been taxing them. “Reciprocal. In the event that they tax us, we tax them the identical quantity. They tax us. We tax them. They usually tax us,” he added.
(with inputs from PTI)
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