Washington: US President Donald Trump has set his eyes on the ‘high’ 150 per cent Indian duties on American whisky after he struck what he called a ‘very fair’ deal with India in about two minutes on the 100 per cent tariffs on the iconic motorcycle Harley-Davidson.
India in February last year slashed the customs duty on imported high-end motorcycles like Harley-Davidson to 50 per cent after Trump called it ‘unfair’ and threatened to increase the tariff on import of Indian bikes to the US.
At a White House event on the ‘Reciprocal Trade Act’ here Thursday, Trump flashed out a green colour board with examples of non-reciprocal tariffs from various countries.
Trump alleged that many countries have taken advantage of the US. “Look at motorcycles as an example. (In) India, it was 100 per cent. I got them down to 50 per cent, just by talking for about two minutes. It’s still 50 per cent vs 2.4 per cent (on imported motorcycles to the US). Again, other than that, it’s a very fair deal,” the President said.
Trump, however, pointed out to the high tariff by India on import of wines. “India has a very high tariff. They charge a lot of tariffs. You look at whisky… India gets 150 per cent, we get nothing,” pointed out Trump.
In his interaction with lawmakers, Trump said the ‘Reciprocal Trade Act’ would give US workers a fair and level-playing field against other countries.
The ‘Reciprocal Trade Act’, would give Trump authority to levy tariffs equal to those of a foreign country on a particular product if that country’s tariffs are determined to be significantly lower than those charged by the United States.
“They (other countries) charge us tariffs and taxes, the likes of which nobody has any understanding. They are so high and so unfair! They have trade barriers that make it impossible for us to sell our farm products and our other products,” Trump said.
“Whether they think we’re very nice or not so smart, they’ve been doing it for many, many years and we want to end it. Many of these are friends, many of these are allies… but, sometimes, allies take advantage of us even more so than our non-allies,” added the US President.
The Reciprocal Trade Act will be an incredible tool to bring foreign countries to the negotiating table and to get them to lower tariffs on US products and also to get rid of their trade barriers, the President asserted.
PTI