21
Tuesday
August 2018
3:17 PM IST
News Headlines
UAE offers Rs 700 crore for Kerala        When nature let us go there, I plan to help people rebuild their homes, says Rohini        Bodies found as flood recedes        SC judges to contribute to Kerala flood relief fund        28 more services from Trivandrum International airport        Rahul Gandhi Demands More Fund, Kiren Rijiju Says 'no Politics'        West Bengal govt to give Rs 10 crore for Kerala flood relief: Mamata Banerjee        6.9 magnitude earthquake hit Indonesia's Lombok        12 of Imran’s 21 cabinet members held key posts during Musharraf regime        India bowl out England for 161 at tea        Kerala flood: Papa CJ expressed his willingness to perform at fund-raiser programmes        Declare Kerala floods a national disaster: Rahul Gandhi asks PM        PM announces an interim relief of Rs 500 Cr        PM's aerial survey called off        Centre to Supreme Court: ‘Decision taken to reduce Mullaperiyar water level’        Swami Agnivesh assaulted on way to pay homage to Atal Bihari Vajpayee in New Delhi        Imran Khan Elected New Pakistan PM, Seen In Tears After Vote        'He's innocent': US threatens more sanctions on Turkey if pastor not freed        Kerala floods: Sanju Samson contributes Rs 15 lakhs towards relief fund        Pregnant woman airlifted by Navy gave birth to baby boy        
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Business News
Trump slams India for high import tariffs on Harley-Davidson
 
Washington, Feb 14 (PTI) US President Donald Trump today slammed India for a high import tariff on Harley-Davidson motorcycle, calling it "unfair", even as New Delhi slashed customs duty on imported motorcycles from high-end brands to 50 per cent.

Trump, during a discussion with members of the Congress over steel industry, also threatened to increase the tariff on import of Indian motorcycles to the US.

He said the recent decision of the Indian government to reduce the tariff from 75 per cent to 50 per cent was not enough and asked that it should be reciprocal, as the US imposes "zero tax" on the import of motorcycles.

"We have so many countries where we made a product, they make a product, ..We pay a tremendous tax to get into their countries -- motorcycles, Harley Davidson -- it goes into a certain country. I won't mention the fact that it happens to be India, in this case," Trump said amidst laughter from the audience.

In fact, he also indirectly referred to the recent conversation he had with Prime Minister Narendra Modi in this regard.

"And a great gentleman called me from India and he said, we have just reduced the tariff on motorcycles, reduced it down to 50 per cent from 75, and even 100 per cent," Trump said in an apparent reference to his last week's conversation with Prime Minister Modi.

"We have -- if you are Harley Davidson, you have 50 to 75 per cent tax, tariff to get your motorcycle, your product in. And yet they sell thousands and thousands of motorcycles, which a lot of people don't know, from India into the United States. You know what our tax is? Nothing," he told the lawmakers and his other Cabinet colleague.

Trump once again pitched for a "reciprocal tax" on countries that he says abuse their trade relationships with the US.

"So, I say, we should have reciprocal taxes for a case like that. I'm not blaming India. I think it's great that they can get away with it. I don't know why people allowed them to get away with it. But there's an example that's very unfair. I think we should have a reciprocal tax," he said.

Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.

"That's called fair trade. It's called free trade. Because ultimately, what's going to happen -- either we'll collect the same that they're collecting, or, probably, what happens is they'll end up not charging a tax and we won't have a tax. And that becomes free trade," Trump said.

Imported motorcycles from high-end brands such as Harley-Davidson and Triumph are set to get cheaper in India with the reduction in the tariffs.

Earlier, import of motorcycles with engine capacity of 800cc or less used to attract 60 per cent duty, while those with the capacity of above 800cc, attracted 75 per cent duty.


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Govt doubles import duty on over 50 textile products
KERALA NEWS
UAE offers Rs 700 crore for Kerala
 New Delhi: Kerala CM Pinarayi Vijayan said that the United Arab Emirates has offered Rs 700 crore to  
When nature let us go there, I plan to help people rebuild their homes, says Rohini
Bodies found as flood recedes
28 more services from Trivandrum International airport
INTERNATIONAL NEWS
6.9 magnitude earthquake hit Indonesia's Lombok
 (Lombok, Aug 17, 2018):An earthquake of magnitude 6.9 on Richter scale rocked the island of L
12 of Imran’s 21 cabinet members held key posts during Musharraf regime
Imran Khan Elected New Pakistan PM, Seen In Tears After Vote
'He's innocent': US threatens more sanctions on Turkey if pastor not freed
NATIONAL NEWS
SC judges to contribute to Kerala flood relief fund
 New Delhi: The judges of the Supreme Court will contribute to the Kerala flood relief fund, Chief Ju
Rahul Gandhi Demands More Fund, Kiren Rijiju Says 'no Politics'
West Bengal govt to give Rs 10 crore for Kerala flood relief: Mamata Banerjee
Swami Agnivesh assaulted on way to pay homage to Atal Bihari Vajpayee in New Delhi
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