In Washington, former President Donald Trump stated on Thursday that if re-elected, he would implement a reciprocal tax, asserting that India imposes the highest tariffs on foreign goods compared to other significant nations.
“Key to my plan for revitalizing America’s wealth is the principle of reciprocity. We typically don’t impose tariffs; I initiated this process effectively with vans and small trucks, and we really don’t charge much. China hits us with tariffs as high as 200 percent. Brazil imposes considerable tariffs, but India tops the list,” Trump said during a significant economic policy address in Detroit.
“India charges a lot. I’ve had a good relationship with India, especially with its leader, Modi, who is truly a remarkable man and has done a fantastic job. However, their charges can be extremely high,” he continued.
Trump suggested that India might levy tariffs that exceed those of China in practice, albeit in a seemingly friendly manner. He recounted a conversation with Harley Davidson’s representatives, who described India as challenging due to its high tariffs, reaching up to 150 percent, which impacted their motorcycle sales there.
He noted that while they were encouraged to set up manufacturing in India to avoid tariffs, he opposed such arrangements. Trump remarked on the shift of companies from Milwaukee as they established large plants abroad.
He expressed admiration for Modi, having referred to him as “the nicest human being” and mentioned his friendship with the Indian leader, contrasting it with India’s earlier unstable leadership. Trump reminisced about Modi’s 2019 visit to a massive rally in Houston, showcasing their camaraderie.
He also recalled moments when threats loomed over India, emphasizing the strong response he received from Modi, underscoring his assertive leadership.
