US President Donald Trump today threatened to impose " reciprocal tax " on countries like China and India if they do not match America's tariff.Trump has, in recent days, spoken a number of times about the 50 per cent duty that India levies on high-end motorbikes that Harley-Davidson, an American company, sells in India. He has repeatedly insisted that the US levies "zero" duty -- or "nothing" -- on motorbikes imported from India. "They are 50, they are 75 or they are 25, we are going to be doing the same numbers. We're going to have a great relationship, hopefully, with China, but we have to do something. We have to do something," Trump told reporters during the signing ceremony.Trump said the US is going to stop the trans-shipping.

Source: Economic Times March 09, 2018 11:31 UTC