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Trump criticizes India’s high car tariffs, calling it “unfair”. If Tesla creates a factory there, emphasizes the difficulty of selling cars in India.
US President Donald Trump said that Elon Musk’s plan to build a factory in India is “unfair” to the US. (Image: Reuters)
The United States President Donald Trump said that if Tesla set up his factory in India to ignore the tariff of that country, it would be “unfair” for its country. Trump commented. In an interview with Fox News which was aired on Tuesday.
Last week, when Prime Minister Narendra Modi was on an American visit, Trump called high duty on cars in India. However, Trump showed a desire to finalize an early business deal and work towards solving his deadlock on tariffs.
Tesla CEO Elon Musk had first criticized India for having about 100% import tariffs on EVS. Such tariff protects local vehicle manufacturers such as Tata Motors. Tata Motors is the third largest auto market in the world and EV adoption is in a newborn stage in this company.
Trump said it is “impossible” to sell a car for musk In the South Asian nation.
Trump said, “Every country in the world takes advantage of us, and they do it with tariffs … It is impossible to sell a car, practically, as an example, in India,” Trump said.
In March, the Government of India unveiled a new EV policy, in which import taxes were largely reduced to 15%. However, this decrease in taxes was possible only when the car manufacturer invested $ 500 million and also agreed to set up a factory.
On Tuesday, Reuters reported that Tesla has been selected by Tesla to open two showrooms in Indian cities of New Delhi and Mumbai.
The company also posted job advertisements for 13 middle-level roles in India, as reported by Reuters. Tesla currently does not manufacture any vehicle In India.
Trump said that if Musk decided to set up a factory there, it would be “unfair” to the US.
“Now, if he built a factory in India, it is fine, but it is unfair to us. This is very unfair, “Trump said in the interview.
Trump plans to impose Extracting tariffs on every country American imports. it is Placed the global trade war.
- Place :
Washington DC, United States (USA)
