February 20th 2025.
During a recent interview on Fox News, President Donald Trump expressed his concerns about the high tariffs charged by India. The discussion arose when the topic of Elon Musk's Tesla potentially building a factory in India to avoid these tariffs came up. Trump stated that while he understands the reasoning behind Musk's decision, it would ultimately be unfair to the United States.
This issue of tariffs has been a hot topic for Trump, who has been making moves to increase them in various industries. In fact, just hours before meeting with Indian Prime Minister Narendra Modi, Trump announced reciprocal tariffs. He also shared that during their meeting, he had brought up the issue of India's high tariffs, claiming that they are the highest in the world.
Trump went on to explain that it is nearly impossible for Musk to sell a car in India due to these tariffs. He expressed his frustration with other countries taking advantage of the US in this way, stating that it is unfair. Trump also pointed out that Musk, who was present during the interview, heads the Department of Government Efficiency, making him well-versed in this topic.
Recently, Tesla has opened up recruitment for various roles in India, including business operations and customer support positions. This news is seen as an indication of the company's plans to enter the Indian market. The job postings on Tesla's website specify that the positions are for the 'Mumbai Suburban' area.
During the interview, Trump also shared that he had discussed the issue of tariffs with Modi during their meeting. He stated that he had proposed a reciprocal approach, where the US would charge the same tariffs that India charges. When asked about the specific percentage of India's tariffs, Trump responded that they are much higher than the reported 36%.
Musk chimed in, stating that the auto imports are actually charged at a rate of 100%. Trump then revealed that his proposal of reciprocal tariffs was not well-received by Modi, who expressed his disapproval. However, Trump remained firm in his stance, stating that he plans to implement this approach with every country.
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