His first salvo against India was over the import duty imposed on the American motorcycles. In Trump’s reciprocal world view, an acceptable level would be 0%, which is what the US charges on Indian motorcycles. However, in the India-US trade basket, the number of motorcycles shipped from India to the US is minuscule. In fact, ‘motorcycles’ don’t even merit a mention in the Indian ministry of commerce and industry’s most recent data on exports to the US. The problem is that Harvey-Davidson’s financial performance has been on a downslide with a falling market share in its home market.
Source: Mint June 11, 2019 11:49 UTC