Motorcycle enthusiasts in India may have welcomed government’s decision to cut import duty on superbikes but US President Donald Trump clearly doesn’t seem impressed. While addressing 2018 White House business session with state governors, Trump said that America was getting ‘nothing’ out of the recent 50% cut in prices.
“When they (Harley Davidson) send a motorcycle to India, as an example, they have to pay 100 percent tax — 100 percent. We want fair trade deals. We want reciprocal trade deals,” he said.
He went on to add that the US will get zero after India’s decision to reduce the import duty.
Trump also took an indirect jibe at Prime Minister Narendra Modi and called him a ‘beautiful man’
“He’s a beautiful man. And he said, ‘I just want to inform you that we have reduced it to 75, but we have further reduced it to 50’. And I said, huh. What do I say? Am I supposed to be thrilled? And that’s not good for you people, especially as governors. It’s just not right. And we have many deals like that,” he said.
Earlier, the import duty on bikes with engine capacity of 800cc or less was 60 percent while those with the capacity of 800cc or more was 75 percent. But two weeks ago, the government of India decided to reduce the import duty on bikes to 50 percent. The change in duty has reduced the prices of Harley Davidson superbikes which are fully imported.
Here’s the revised cost of the four superbikes (ex-showroom price Delhi) :