Reciprocal Tax will be imposed on India: Donald Trump

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Washington: Ahead of the US Presidential Elections 2024, Donald Trump raised the issue of the high tax imposed by India on American companies, particularly naming the Harley Davidson motorcycles and said that he will impose the reciprocal tax if voted into power.

Donald Trump who is the front-runner facing off Joe Biden, described India as a “tariff king”. In May 2013, the former US president terminated India’s preferential market access- The Generalised System of Preferences (GSP) to the US, stating that India has not given his country “equitable and reasonable access to its markets.”

(This is a developing story)

(Written by- Mahek Nigam)

The post Reciprocal Tax will be imposed on India: Donald Trump appeared first on News24.

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Reciprocal Tax will be imposed on India: Donald Trump
Reciprocal Tax will be imposed on India: Donald Trump
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