Photo: AFP
Former US President Donald Trump vowed to implement a reciprocal tax if he is elected again, claiming that India imposes the highest tariffs on foreign goods compared to other major countries. During an economic policy speech in Detroit, Trump emphasized the importance of reciprocity in his plan to revitalize the American economy.
He highlighted that while the United States generally does not charge high tariffs, other countries, particularly China and Brazil, impose significant tariffs on American products. He described India as “the biggest charger of all” when it comes to tariffs, stating, “I think they probably charge more than, in many ways, China.”
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
Trump expressed admiration for Indian Prime Minister Narendra Modi, referring to him as a “great leader” and praising their strong relationship. He shared an anecdote about a meeting with Harley Davidson executives, who described India as a challenging market due to its high tariffs, which can reach as much as 150%. He noted that while Harley Davidson products do not sell well in India due to these tariffs, the company established a plant in India to circumvent those fees.
Trump reiterated his positive feelings toward Modi, referring to him as “the nicest human being” and a personal friend. He recounted Modi's visit to Houston in 2019, where they attended a large event that drew significant crowds. Trump reflected on the friendship he cultivated with Modi, stating that he had offered assistance during moments of tension involving India.
Overall, Trump's comments reflect his broader economic strategy of prioritizing American interests and addressing perceived unfair trade practices from other nations while maintaining a cordial relationship with India and its leadership.
#trending #latest #DonaldTrump #India #Tariffs #TradePolicy #Economy #ReciprocalTax #Modi #USIndiaRelations #EconomicSpeech #TradeWar #Business #Politics #2024Elections #HarleyDavidson #GlobalTrade #ForeignPolicy #AmericanEconomy #PoliticalSpeech #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has called for a nationwide prayer for rain to be held in all mosques across the UAE on Saturday, Dece...Read More.
The real estate industry in Nigeria remains strong, with many investors expected to protect their assets from economic uncertainties, especially inflation, in 2...Read More.
The video captured her battling the powerful currents before she was eventually pulled under.
An Exclusive Conversation with Dr. Amrinder Pal Singh, Chief Editor & CEO, DXB News Network. Dubai.
Police have begun an investigation to uncover the exact reasons behind her suspected suicide.
This lawsuit marks the first time Canadian media has taken legal action against OpenAI
Pushpa 2: The Rule and Baby John releasing in December 2024: Box office battle ahead
UAE President Calls for Nationwide Prayer for Rain Amid Dry Conditions
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has called for a nationwide prayer for rain to be held in all mosques across the UAE on Saturday, Dece
Real Estate Opportunities in Nigeria to Grow in 2025
The real estate industry in Nigeria remains strong, with many investors expected to protect their assets from economic uncertainties, especially inflation, in 2
Gaurav Khanna Exits Anupamaa, Speaks On Rift With Rupali Ganguly: 'Beyond Action & Cut...'
After two months away from the set, Gaurav Khanna opens up about his future as Anuj Kapadia.
UAE Foreign Aid Reaches AED 360 Billion Milestone Since 1971
In 2024, the UAE reaffirmed its leadership in humanitarian aid, highlighting global solidarity.
Naga Chaitanya to honor grandfather by wearing traditional outfit at wedding
Naga Chaitanya and Sobhita Dhulipala will marry on December 4, and the actor will honor his grandfather by wearing a traditional Pancha outfit at the wedding
Holistic Wellness: Simple Tips for Health, Beauty, and Balance Lifestyle
Learn about Holistic Wellness with simple tips to care for your health, beauty, and balance. Easy steps for a healthy body, calm mind, and glowing skin.
UAE's Gaza Field Hospital Treats 48,700 Patients in One Year
Operation Chivalrous Knight 3, launched by the UAE, provided medical care to 48,700 people and conducted over 1,780 surgeries at its Gaza field hospital since D
OnePlus 13 Global Launch Set for January 2025: What to Expect
OnePlus 13 global launch is scheduled for January 2025, revealing its design and a new contest for winning OnePlus merchandise
Ajman Police crack down on traffic violators, arrest drivers, seize vehicles
Ajman Police seize vehicles, arrest drivers for reckless acts during Eid celebrations
The Importance of Education A Key to a Better Future
Education empowers individuals, unlocking opportunities for a brighter future.
© DNN. All Rights Reserved.