Moneycontrol PRO
HomeNewsBusiness'They do it with a smile': Trump calls India 'biggest tariff charger', vows reciprocal tax if re-elected

'They do it with a smile': Trump calls India 'biggest tariff charger', vows reciprocal tax if re-elected

He praised his ties with India and hailed Prime Minister Narendra Modi as a "great man", but claimed that the country charges higher tariffs than even China.

October 11, 2024 / 12:52 IST
"China will charge us a 200 per cent tariff. Brazil is a big charger. The biggest charger of all is India," Trump said

"China will charge us a 200 per cent tariff. Brazil is a big charger. The biggest charger of all is India," Trump said

US presidential candidate Donald Trump has again criticised India over "very high tariffs" and said that he will introduce reciprocal tax if elected to White House.

“Perhaps the most important element of my plan to make America extraordinarily wealthy again is reciprocity. It's a word that's very important in my plan because we generally don't charge tariffs. I started that process, it was so great, with the vans and the small trucks, etc. We really don't charge. China will charge us a 200 per cent tariff. Brazil is a big charger. The biggest charger of all is India,” Trump said in a major economic policy speech in Detroit.

He praised his ties with India and hailed Prime Minister Narendra Modi as a "great man", but claimed that the country charges higher tariffs than even China.

"We have a great relationship with India. I did. And especially the leader, Modi. He's a great leader. Great man. Really is a great man. He's brought it together. He's done a great job. But they probably charge as much ... I mean, I think they probably charge more than, in many ways, China. But they do it with a smile. They do it... Sort of a nicer charge. They said, thank you so much for purchasing from India," he said.

Trump recounted his discussion in 2019 with Harley Davidson representatives, who expressed concerns about doing business in India due to high tariffs, which they indicated were as high as 150 percent. The then US President had even called out India over this.

"Harley Davidson came to the White House a long time ago during my third year or second year. I met with them. They were based in Wisconsin. I said, how's business? Good, good. What are the bad countries? Well, India is very tough. And they gave me some others. Why? Tariffs. I said, what are they? And they said like 150 per cent, some massive amount,” Trump told the members of the Detroit Economic Club.

Trump noted that Harley Davidson sells very few motorcycles in India despite being encouraged to establish a plant there without tariffs.

“I said so do you sell many motorcycles because you think people want to buy a Harley. No, we sell very few in India, but they want us to go there. They said, if you go there and build your plant there, we're not going to charge you anything. I mean, you can do whatever you want. I said I don't like that. And I see they went, they built the plant, and now they do their business with India. They probably do it outside of India too. They built a very big plant in many countries, they do that. Then all of a sudden, you hear that they're leaving Milwaukee or they're leaving wherever they may be located,” he said.

The former president promised to impose reciprocal tax if he voted to the Oval Office again.

Trump has often described India as a “tariff king” that imposes “tremendously high” tariffs on US products.

In April 2019, Trump claimed that India is one of the highest-taxing nations in the world.

Trump's latest remarks come just days after he lavished praise on Prime Minister Narendra Modi during a podcast, calling him "the nicest human being".

“Modi, India. He’s a friend of mine. He’s great. Before him, they were replacing them every year. It’s very unstable. He came over. He’s a friend of mine. But on the outside, he looks like he’s your father. He’s the nicest, but he’s a total killer,” he said.

Trump recalled Modi’s visit to Houston in 2019 to attend the ‘Howdy Modi’ event during his tenure and said: “It was beautiful. It’s like 80,000 people going crazy. We were walking around.” The Republican candidate said he shared a “very good relationship” with Modi.

(With inputs from PTI)

first published: Oct 11, 2024 12:50 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347