"Very interesting, I saw a tweet, just came in from Elon Musk who's using our wonderful space facilities and did a great job three weeks ago. He said, 'For example, an American car going to China pays 25 percent import duty. But a Chinese car coming to the United States only pays 2.5 percent. A ten-fold difference'," the US president said.
"So an American car going to China pays 25 percent import duty. We send our car over there, pay 25 percent. They send their car over here, 2.5 percent. Ten points. But everybody knows it, they've known it for years. They never did anything about it. It's got to change," Trump said as he once again raked up the issue of high import duty on Harley-Davidson motorcycles by India.
"We're going to be doing a reciprocal tax program at some point, so that if China's going to charge us 25 percent or if India's going to charge us 75 percent, and we charge them nothing. If they're at 50 or they're at 75 or they're at 25, we're going to be at those same numbers," he said.
"So, they charge us 50, we charge them 50. Right now, they'll charge us 50, we charge them nothing. Doesn't work. So that's called a "reciprocal tax," or "mirror tax”. And we're going to be doing a lot of that," he added.
complete report > > > https://www.news18.com/news/world/donald-tr...oo-1683757.html
Big deal! Trump to hit China 1 to 1 mirror tax