Donald Trump raised questions on India’s tax system, threatened to impose the same tax if he comes to power
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During his tenure as the US President, Trump had described India as a “taxing king” and in May 2019 ended the Generalized System of Preferences (GSP) that gave India preferential treatment in the US market. Trump (77) had alleged that India has not given the US “equitable and fair access to its markets”.
Washington. Former US President Donald Trump has once again raised the issue of high taxes in India on certain American products, especially Harley-Davidson motorcycles, and threatened to impose similar taxes on the country if voted back to power. During his tenure as the US President, Trump had described India as a “taxing king” and in May 2019 ended the Generalized System of Preferences (GSP) that gave India preferential treatment in the US market.
Trump, 77, alleged that India has not given the US “equitable and fair access to its markets.” In an interview to Larry Kudlow of Fox Business News, Trump called India’s tax rates extremely high. Telling, raised questions on it. The former president said, “The second thing I want is a uniform tax…India charges high taxes. I saw this with Harley-Davidson (motorcycle). I also said that how are you in a place like India? They tax 100 percent, 150 percent and 200 percent.
Trump said, “I just want this….if India is taxing us, we should tax them as well.” He raised questions on India as well as Brazil’s tax system. Trump has expressed his desire to contest the presidential election in 2024. However, he has refused to participate in the first primary debate for the presidential candidates of the Republican Party to be held on Wednesday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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