Trump raked up issue of high import duty on motorcycles.
Washington: President Donald Trump has once again raked up the issue of high import duty on Harley-Davidson motorcycles by India.
He said the US was "getting nothing" with the New Delhi's recent announcement that it had slashed customs duty on imported motorcycles from high-end brands to 50 percent. He added the US wants fair and reciprocal trade deals. "When they (Harley Davidson) send a motorcycle to India, as an example, they have to pay 100 percent tax -- 100 percent," Trump said in his remarks to a gathering of governors of all the states at the White House.
Referring to his recent conversation with Prime Minister Narendra Modi, he said the "fantastic man" informed him that India has reduced tariffs on imported motorcycles, but the US was "getting nothing". "So when they have a motorbike -- a big number, by the way -- they have a company that does a lot of business. They have a motorcycle or a motorbike that comes into our country -- the number is zero. We get zero. They get 100 percent, brought down to 75; brought down, now, to 50. Okay," Trump said.
This is for the second time in a month that Trump raised the issue of high import duty on motorcycles by India.
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|Publication:||Daily the Pak Banker (Lahore, Pakistan)|
|Date:||Mar 4, 2018|
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