The US President , Mr. Donald Trump, has lashed out at over 100 per cent tariffs it imposes on on a large number of products while the US imposes nothing on the similar or same items. He called upon his administration to work on the 'stupid trade'. Repeatedly calling India the 'tariff king' that has been imposing 'tremendously high' tariffs on US products he called it as one of the world’s 'highest taxing nations'.
While addressing the Republican Jewish Coalition in Las Vegas over the weekend, Mr. Trump said: 'We have a case where a certain country, India, is charging us… what great country, great friend, Prime Minister (Narendra) Modi — charging us over 100 per cent for many things”. The US in turn, he said, is charging India 'nothing for similar or same products.
Mr. Trump indicated that he has been facing resistance from Senators for imposing reciprocal tariff on India, and cited it as a country other than China which imposes high tariffs on American products. He alleged that India continues to wage 'stupid trade' and unfair trade practices, and called out Mr. Modi for the trade imbalance with the US.
'I have Senators who say, you can’t do that. It’s not free trade. When did they come from? Where did they come from? It’s not free trade,' he said. As a result of such trades, the US has lost for many years now 800 billion dollars a year on trade. And he asked rhetorically, 'Who the hell makes these deals? Those are not good negotiators. Actually, Democrats made a lot of them though. But Republicans met a lot of up too, that’s the amazing thing. They made 800 billion dollars. But we’re getting it back. We’ll get to give back. We’re going to be getting a lot of it.
'I have to be a little bit politically correct by saying it’s ok if we lose 20 billion dollars with a country because we want to be nice. We want to be nice with everyone.' He warned that they would soon be cracking down on countries that cheat. Early this year at a White House event to announce his support for reciprocal tax, Mr.Trump said he was satisfied with the Indian decision to reduce the import tariff on Harley-Davidson motorcycles from 100 per cent to 50 per cent. Mr. Trump has said that his administration is fixing broken trade deals to protect the American workers.