'If They Tax Us, We Tax Them': Donald Trump Gives Fresh Warning To India
Trump has been hawkish towards countries he perceives to be imposing 'high tariffs' on US products which he says in turn become less competitive in domestic markets of that country. The fresh threat on charging high taxes was directed at India.
US President-elect Donald Trump | File/AP
US President-Elect Donald Trump has issued a fresh warning to India saying that if it taxes American products, the US will do the same. Trump's words came during his interaction with journalists at his Mar-a-Lago resort Since his first term, Trump has been hawkish about taxing foreign products but has not fully implemented what he has said. However, Trump's warnings are taken seriously as markets move according to what a US president says.
"If they tax us, we tax them the same amount," Trump told reporters.
Other than about India, Trump has been vocal about taxes imposed on American products by Brazil, Mexico and China.
"The word reciprocal is important because if somebody charges us - India, we don't have to talk about our own - if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle, and we send them a bicycle. They charge us 100 and 200. India charges a lot," said Trump.
"India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing," he added.
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