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September 2018
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Shilpa Shetty faces racism at Sydney airport        Pakistan’s friendship offer to India should not be seen as weakness, says PM Imran Khan        India thrash Pakistan by 9 wickets        Naomi Osaka pulls out of Wuhan Open        Hasan, Asghar, Rashid fined 15 per cent of their match fees        Ready to be sacked if ATK do not fare well: Coppell        Sensex ends in red after 1,000-pt flash crash        OYO to hire over 2,000 tech experts, engineers by 2020        Thousands rally across Russia against raising pension age        Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks        Sisodia, AAP MLAs discharged in case related to 2014 protest        We have no role in selection of Reliance Defence for Rafale deal: Govt        Modi, Ambani carried out Rs 1.3 lakh cr 'surgical strike' on defence forces: Rahul on Rafale issue        Chekka Chivantha Vaanam: Second trailer released        Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue        India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"        Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande        Wreckage of Captain Cook’s ship found off US coast        Death toll reaches 136 in Tanzania ferry disaster with scores missing        Ravindra Jadeja, Rohit Sharma take India to comprehensive 7-wicket win        
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Business News
Trump slams India for high import tariffs on Harley-Davidson
 
Washington, Feb 14 (PTI) US President Donald Trump today slammed India for a high import tariff on Harley-Davidson motorcycle, calling it "unfair", even as New Delhi slashed customs duty on imported motorcycles from high-end brands to 50 per cent.

Trump, during a discussion with members of the Congress over steel industry, also threatened to increase the tariff on import of Indian motorcycles to the US.

He said the recent decision of the Indian government to reduce the tariff from 75 per cent to 50 per cent was not enough and asked that it should be reciprocal, as the US imposes "zero tax" on the import of motorcycles.

"We have so many countries where we made a product, they make a product, ..We pay a tremendous tax to get into their countries -- motorcycles, Harley Davidson -- it goes into a certain country. I won't mention the fact that it happens to be India, in this case," Trump said amidst laughter from the audience.

In fact, he also indirectly referred to the recent conversation he had with Prime Minister Narendra Modi in this regard.

"And a great gentleman called me from India and he said, we have just reduced the tariff on motorcycles, reduced it down to 50 per cent from 75, and even 100 per cent," Trump said in an apparent reference to his last week's conversation with Prime Minister Modi.

"We have -- if you are Harley Davidson, you have 50 to 75 per cent tax, tariff to get your motorcycle, your product in. And yet they sell thousands and thousands of motorcycles, which a lot of people don't know, from India into the United States. You know what our tax is? Nothing," he told the lawmakers and his other Cabinet colleague.

Trump once again pitched for a "reciprocal tax" on countries that he says abuse their trade relationships with the US.

"So, I say, we should have reciprocal taxes for a case like that. I'm not blaming India. I think it's great that they can get away with it. I don't know why people allowed them to get away with it. But there's an example that's very unfair. I think we should have a reciprocal tax," he said.

Trump has floated the idea of a reciprocal tax in the past, promising to slap it on countries, including allies, that take advantage of the United States.

"That's called fair trade. It's called free trade. Because ultimately, what's going to happen -- either we'll collect the same that they're collecting, or, probably, what happens is they'll end up not charging a tax and we won't have a tax. And that becomes free trade," Trump said.

Imported motorcycles from high-end brands such as Harley-Davidson and Triumph are set to get cheaper in India with the reduction in the tariffs.

Earlier, import of motorcycles with engine capacity of 800cc or less used to attract 60 per cent duty, while those with the capacity of above 800cc, attracted 75 per cent duty.


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IBA elects PNB's Sunil Mehta as chairman
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KERALA NEWS
Kannur International Airport: Kerala to be the first state with four international airports
 Malappuram: With Kannur International Airport becoming operational, Kerala will be the first state i  
Bar bribery case: Court dismisses the vigilance report
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INTERNATIONAL NEWS
Shilpa Shetty faces racism at Sydney airport
 (Sydney, Sep 23, 2018):Actor-entrepreneur Shilpa Shetty Kundra on Sunday alleged that she fac
Pakistan’s friendship offer to India should not be seen as weakness, says PM Imran Khan
Thousands rally across Russia against raising pension age
Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks
NATIONAL NEWS
Sisodia, AAP MLAs discharged in case related to 2014 protest
 New Delhi Sep 22 (PTI) A Delhi court on Saturday discharged Deputy Chief Minister Manish Sisodia, AA
We have no role in selection of Reliance Defence for Rafale deal: Govt
India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"
Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande
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