Harley Davidson, the dream bike of every youngster. But some dreams remain dreams only, they are too expensive to be fulfilled by everyone, only a few people can achieve such dreams.
But what if we tell you that this dream of yours can be fulfilled now and that too in half of the price.
No, we are not joking, you have read that right. US President Donald Trump has asked the import duty on Harley Davidson by 50 per cent.
During a discussion with the members of Congress over steel industry, Donald Trump also threatened to increase the tariff on import of Indian motorcycles to the US. Donald Trump also termed Indian Policies unfair.
Trump said that the recent decision taken by the Indian government to reduce thr tariff from 75 % to 50% was not enough ans should be reciprocal, as US imposes “zero” tax on the motorcycles imported by them. He said:
“We have so many countries where we made a product, they make a product, ..We pay a tremendous tax to get into their countries — motorcycles, Harley Davidson — it goes into a certain country. I won’t mention the fact that it happens to be India, in this case,”
He in fact, indirectly referred to his conversation with PM Narendra Modi in this regard. He said:
“And a great gentleman called me from India and he said, we have just reduced the tariff on motorcycles, reduced it down to 50 per cent from 75, and even 100 per cent,”
Donald Trump also told the lawmakers and his other Cabinet colleagues :
“We have — if you are Harley Davidson, you have 50 to 75 per cent tax, tariff to get your motorcycle, your product in. And yet they sell thousands and thousands of motorcycles, which a lot of people don’t know, from India into the United States. You know what our tax is? Nothing,”
Trump feels that the other countries abuse their trade relations with the US as he pitched for “reciprocal tax”. He said:
“So, I say, we should have reciprocal taxes for a case like that. I’m not blaming India. I think it’s great that they can get away with it. I don’t know why people allowed them to get away with it. But there’s an example that’s very unfair. I think we should have a reciprocal tax,”
This is not the first time, Donald Trump has talked about the “reciprocal tax” , in fact in the pas as well he has talked about it and thought of slapping it on the face of the countries that abuse their trade relations with US.
“That’s called fair trade. It’s called free trade. Because ultimately, what’s going to happen — either we’ll collect the same that they’re collecting, or, probably, what happens is they’ll end up not charging a tax and we won’t have a tax. And that becomes free trade,”
So not just Harley Davidson, many other top notch brands like Triumph etc will also get cheaper in India with the reduction of Tariff.
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