Donald Trump Issues A Strong Message To India - Tax Burden
Donald trump, the US president-elect, has warned against burdening india with taxes. trump made several statements on this topic even before his election. He has now made it clear that his government may raise taxes on several nations, including china and canada, after winning the election. This time he expressed his intentions about India.
"The united states will impose reciprocal high tariffs on their goods if any country imposes tariffs on American goods," trump stated plainly in a monday interview with reporters. They virtually always impose tariffs on us, but we never impose any on them. He notably brought up brazil and india in this talk.
"The united states will impose reciprocal high tariffs on their goods if any country imposes tariffs on American goods," trump stated plainly in a monday interview with reporters. They virtually always impose tariffs on us, but we never impose any on them. He notably brought up brazil and india in this talk.
Trump said categorically, "Transparency is essential. The US will apply an equivalent level of tax on indian goods if india levies a 100% tariff on American goods. Our goods are subject to significant tariffs from India. brazil also levies high import taxes on the United States. It's okay if they want to impose tariffs on us, but we will do the same in return."
"Reciprocity will be a key principle for the new administration," said Howard Lutnick, Trump's choice to be the next Commerce Secretary. We shall reciprocate the treatment we get.
"Reciprocity will be a key principle for the new administration," said Howard Lutnick, Trump's choice to be the next Commerce Secretary. We shall reciprocate the treatment we get.
It is commonly known that trump and indian Prime minister Narendra Modi get along well. trump has, however, previously commended Modi, saying that the indian prime minister puts his nation's interests first. trump used a similar approach, sending a clear message to india that the US will put its interests ahead of those of a "friendly" India. trump has previously threatened china with harsh penalties and placed steep duties on nearby nations like canada and Mexico.
The Biden administration, meanwhile, spoke on tuesday about the positive state of India-US ties under Biden's leadership. It also voiced hope that during Trump's presidency, there will be bipartisan support for India-US ties. During the last stage of the Biden administration, a high-level India-US summit was anticipated, according to Deputy Secretary of State Kurt Campbell.
Notably, the US State Department was accused of purposefully trying to destabilize india in recent explosive accusations made by India's ruling bjp party. George Soros and the indian national congress were allegedly connected, according to the BJP. But the united states flatly denied these accusations.
Notably, the US State Department was accused of purposefully trying to destabilize india in recent explosive accusations made by India's ruling bjp party. George Soros and the indian national congress were allegedly connected, according to the BJP. But the united states flatly denied these accusations.