General Trump thread
- Thread starter Sharma Ji
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General
- Jan 24, 2024
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- Jan 24, 2024
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This is called 'performance politics' for Indian votes. Modi does a song and dance in DC and big hugs with Trump.
In reality - no concessions will be given to Modi (despite big promises by Trump) unless he completely exits the BRICS grouping...
And no concessions for Tariffs on Indian exports to US.
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Trump calls India's Modi a 'great friend' but warns of higher US tariffs on Indian goods
Will WeissertAssociated Press
Washington – President Donald Trump greeted Indian Prime Minister Narendra Modi at the White House with a bear hug on Thursday and called him “a great friend of mine," but nonetheless warned that India won't be spared from higher tariffs he's begun imposing on U.S. trade partners around the world.
Trump, who had previously derided India as the “tariff king,” called the import levies imposed by Modi's country “very unfair and strong.”
“Whatever India charges, we charge them,” Trump said at a joint news conference where he stood next to Modi. “So, frankly, it no longer matters to us that much what they charge.”
More:Trump signs a plan for reciprocal tariffs on US trading partners, ushering in economic uncertainty
As he has while recently hosting other foreign leaders, Trump talked about ensuring that the U.S. erases its trade deficit with India. He suggested that could be done by increasing U.S. energy exports to India but also promised to restore “fairness and reciprocity” to the economic relationship and said he and Modi had begun working on a major trade deal that could be completed later this year.
The U.S. and India have a trade deficit of $50 billion in India’s favor. The Indo-U.S. goods and services trade totaled around $190.1 billion in 2023. According to India’s External Affairs Ministry, the U.S. exports to India were worth nearly $70 billion and imports $120 billion.
Modi, meanwhile, continued his personal trend of laving praise on Trump. The prime minister said that he’s determined to “Make India Great Again,” or “MIGA” – a play on the president’s “MAGA” or “Make America Great Again” catchphrase and movement.
Trump also said he'd back extraditing one of the plotters of the 2008 Mumbai attacks – appearing to referencing Tahawwur Hussain Rana, who was convicted in 2011 in the U.S. for plotting an attack on a Danish newspaper.
“He’s going to be going back to India to face justice,” Trump said. The president later added, “We’re giving him back to India immediately" and that more such extraditions could be coming.
Trump also said the U.S. would soon increase military sales to India by “many millions of dollars,” paving the way to ultimately provide India with the F-35 stealth fighter planes – something the country has long sought.
Before Modi's White House arrival, Trump signed an order to increase tariffs to match the tax rates that other countries charge on imports, which affects American trading partners around the world – including India.
Modi had been looking to avoid additional U.S. tariffs and to improve relations with Washington and the West overall, which have been frosty lately after Modi refused to condemn Russia for its war on Ukraine.
“The world had this thinking that India somehow is a neutral country in this whole process,” Modi said, praising Trump for having phone calls with Russia and Ukraine's leaders on Wednesday. “But this is not true. India has a side, and that side is of peace.”
Trump previously imposed tariffs on China, and says more are coming against the European Union – while threatening similar against Canada and Mexico. He also expanded tariffs on steel and aluminum he initially imposed during his first term.
The White House insists that in signing Thursday's round of what Trump called “reciprocal" tariffs, he is leveling the playing field between U.S. manufacturers and foreign competitors. These new taxes would likely be paid by American consumers and businesses either directly or in the form of higher prices, though.
Even before Modi arrived, New Delhi showed a willingness to buy more American oil and lower its tariffs on U.S. goods. That included levies on some Harley-Davidson motorcycles going from 50% to 40%. Also, India in 2023 dropped retaliatory tariffs on U.S. almonds, apples, chickpeas, lentils and walnuts.
Tariffs aside, Trump has used the opening weeks of his second term to say he'll stamp out U.S. trade deficits around the world, including during his meetings at the White House last week with Japanese Prime Minister Shigeru Ishiba.
Modi is the fourth foreign leader to visit Trump since his inauguration last month, following Israeli Prime Minister Benjamin Netanyahu, Ishiba of Japan and Jordan's King Abdullah II.
Prior to meeting with Trump, Modi sat down with national security adviser Mike Waltz. He also met with billionaire SpaceX founder and top Trump administration official Elon Musk.
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Sharma Ji
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- Sep 28, 2024
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I'm a favor of cutting duties on American consumer goods such as cars and bikes and to give them a level playing field here.
India does engage in a bit of extreme protectionism, we can continue that way with others but make a deal with Trump.
Harleys and Indians sasti karva do for the gareeb Indian, most here are still on commuter bikes with a handful of RE and KTM higher displacement bikes.
India does engage in a bit of extreme protectionism, we can continue that way with others but make a deal with Trump.
Harleys and Indians sasti karva do for the gareeb Indian, most here are still on commuter bikes with a handful of RE and KTM higher displacement bikes.
- Jan 24, 2024
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Yes - Harley Davidson had to open mfg. in India because tariff was 50% on imported bikes, now reduced to 40% before Modi went to USA. Harley's bikes made in India are smaller displacement bikes.
Protectionism is lazy way to defend your local inefficiencies. Trump saw Harley Davidson case in India as a token issue to harp on during the last election, total market for Harleys in India are around only USD 5 million or so. RE owns majority of the Indian bike market at that level (500 and 750 cc bikes).
