Cut tariffs for better trade ties: Donald Trump
By MYBRANDBOOK
US President Donald Trump was on a two day visit to India. True to his style, US President Donald Trump did not mince words when he said that India needs to work on its tariffs if it wanted better trade relations with America.
At a press conference called at short notice, Trump, to a question, said, “India is probably the highest tariff nation... I said you have to stop that, especially those that pertain to American states. I think we understand each other.”
However, despite arguing that some progress had been made, Trump did not give a deadline for the signing of the deal, and said it was unlikely before the year-end. Addressing a large gathering of the Indian and foreign media, Trump also announced his support for Prime Minister Narendra Modi’s policies.
However, the personal bonhomie may not lead to a change in America’s position on economic relations.
While applauding the investments pledged by Indian corporates in the US, Trump repeatedly pointed out that current bilateral business ties would need to be assessed in the light of high tariffs.
He also brought up the example of Harley Davidson bikes, saying these were costly to sell in India due to tariff barriers. He also said any trade deal would need to reduce tariffs across the board. "If they want a trade deal, they'll get one.
We also did one with China recently. I'll win it. It's too easy," Trump said, suggesting that the US might pursue an aggressive tact when it comes to negotiating a pact.
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