Former U.S. President Donald Trump has promised that if he is re-elected, he will introduce a “reciprocal tax.”In a big speech about the economy in Detroit, Trump said that countries like India charge high taxes on American products, and now it’s time for the U.S. to do the same to them.
Trump said that the idea of “fair trade” is an important part of his plan to make America richer. He pointed out that while the U.S. generally does not charge high tariffs on foreign goods, other countries like China, Brazil, and especially India, place very high tariffs on American products. Trump called India the “biggest charger” and mentioned that some tariffs, especially on items like motorcycles, can go up to 150%.
He mentioned a meeting with Harley Davidson during his presidency. Harley Davidson told him that due to India’s high tariffs, it was difficult for them to sell motorcycles there. To avoid these tariffs, India offered Harley Davidson the option to build a plant in India. Although this gave the company a chance to do business in India, Trump said it was unfair because it caused American jobs to move outside America.
Even though Trump criticized India’s trade practices, he praised India’s Prime Minister Narendra Modi, calling him a “great leader.” Trump told some stories about how Modi improved India’s political situation and talked about the 2019 “Howdy Modi” event in Houston, where thousands of people came to support Modi.
Trump described Modi as both kind and tough. He remembered a time when he offered to help Modi handle threats from other countries, but Modi said no to the offer. Trump praised Modi’s confidence when he said, “I can handle it, I can take care of it.”
If Trump is re-elected, he said he will make sure that countries that impose high tariffs on American goods will face similar tariffs when exporting to the U.S. He believes that this policy of reciprocal taxation will help restore America’s wealth and make trade fair for American businesses.
In conclusion, Trump’s message was clear: his focus will be on trade deals that benefit the U.S. Even though he respects leaders like Modi, he will not hesitate to take action if their policies hurt American interests.
