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% duty that India levies on high-end motorbikes that Harley-Davidson, an American company, sells in India. So they charge us 50, we would charge them 50," Trump said. Trump said the "reciprocal tax" programme would ensure "fair trade deals" for the US. The US president mentioned China several times as he signed two proclamations to impose import duties on steel and aluminium.

Source: dna March 09, 2018 13:18 UTC