US President Donald Trump has said that Prime Minister Narendra Modi, during their meeting, told him that he does not like reciprocal tax, but he informed the visiting leader that he would go ahead with it.
In an interview with Sean Hannity for his show on Fox News, Trump reiterated that India has a very high tariff. Tesla CEO Elon Musk, who joined him in the interview, told Sean Hannity that India has a 100 per cent tariff on autos, which he said was unfair.
The interview at the White House took place on Feb.14, a day after he met Modi. The interview was broadcast on Feb.18, and the White House released a transcript.
“Every country in the world takes advantage of us, and they do it with tariffs. It’s impossible for him (Musk) to sell a car, practically, in, as an example, India. I don’t know if that’s true or not,…,” Trump said in response to a question. “The tariffs are like 100 per cent import duty,” Musk prompted joining Trump.
“The tariffs are so high (in India),” said the president. “Yeah” said Musk, who has been appointed by Trump as head of the newly created Department of Government Efficiency. As such, Trump cautioned Musk against building a Tesla factory in India.
“Now, if he built the factory in India, that’s okay, but that’s unfair to us. It’s very unfair,” he said as he described his conversation with Modi at the White House.
“And I said, “You know what we do?” I told Prime Minister Modi yesterday — he was here. I said, “Here’s what you do. We’re going to do — be very fair with you.” They charge the highest tariffs in the world, just about,” Trump said, with Musk interjecting that auto imports in India are 100 percent higher.
“I said, “Here’s what we’re going to do: reciprocal. Whatever you charge, I’m charging.” He (Modi) goes, “No, no, I don’t like that.” “No, no, whatever you charge, I’m going to charge.” I’m doing that with every country,” Trump said, referring to his conversation with the prime minister.
“It seems fair,” Musk said, agreeing with Trump.
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