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Donald Trump accuses India of charging 100% tariff, says trade might stop

Discussion in 'Random News' started by Desmond David, Jun 11, 2018.

  1. Desmond David

    Desmond David Destroy Erase Improve

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    Source: Donald Trump accuses India of charging 100% tariff, says trade might stop

     
  2. billubakra

    billubakra Well-Known Member

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    He's an intelligent guy, will never stop the trade. Whatever he's saying is right from an American pov. From our pov the taxes/tariffs need to be lowered also.
     
  3. Vyom

    Vyom The Power of x480 Staff Member

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    For a noob in economics answer me these please:
    What is meant by import duties? Does it mean India is charging twice for some products to American people?
    I thought American products are costly here? Is the other way around more true?

    Which motorcycles does India export to Umrica?
     
  4. OP
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    Desmond David

    Desmond David Destroy Erase Improve

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    Higher import duty results in higher cost resulting in lower demand.

    Sent from my A0001 using Tapatalk
     
  5. Cyberghost

    Cyberghost Federal Agent Area 51

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    Import duty is a tax collected on imports and some exports by a country's customs authorities. It is usually based on the imported good's value. Depending on the context, import duty may also be referred to as customs duty, tariff, import tax or import tariff.
    India is not charging twice on American People but they charging twice on Indian people for buying American products(as import duty.For bikes it is 50% of the retail value) this gives unfair advantage of Indian companies becoz they can sell the product at lower MRP compared to American products. Bajaj motorcycles are exported to America but America don't charge import duty like India.
     

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