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Trump calls India one of the highest taxing nations in the world

US president Donald Trump has called India one of the highest taxing nations in the world and slammed the country for imposing 100 per cent tariffs on Americans products.

Trump has repeatedly called India a "tariff king" for imposing "tremendously high" tariffs on American products, including the Harley-Davidson motorcycles.


"I got a call from Prime Minister (Narendra) Modi of India. They're one of the highest taxing nations in the world. They taxed us 100 per cent," Trump said.

"They charge us 100 per cent tariffs on goods. So they send a motorcycle--and they make a lot of them--Indian cycles. They send them to our country, we charge them nothing. We send a Harley Davidson to India and they charge us 100 per cent. Not fair, okay. Not reciprocal. It's not fair," the president added.

During his address to the National Republican Congressional Committee Annual Spring Dinner, Trump also spoke about his trade talks with China, and said they were going well.

The two countries have been locked in trade war ever since Trump imposed heavy tariffs on steel and aluminium items from China.

"I think we're doing very well. They need the deal more than we do. They need the deal. And they getting hurt badly with they're paying 25 per cent on $50 billion worth of technology stuff and they were going to pay 25 per cent on another $200 billion," he said.

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Consumer confidence climbed slightly in October, with more shoppers planning big purchases ahead of Black Friday.

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UK shoppers feel more confident ahead of Black Friday sales

Highlights

  • Consumer confidence rose two points to -17 in October.
  • More people planning big purchases, up nine points from last year.
  • UK shoppers have €30,486 spending power per person, sixth highest in Europe.

Shoppers turn hopeful

Britons are feeling more positive about spending money as Black Friday approaches, new figures show, though many are nervous about what the upcoming budget might bring.

Consumer confidence climbed slightly in October, according to the GfK Consumer Confidence Barometer. The biggest change was in people’s willingness to buy expensive items like TVs, furniture and kitchen appliances.

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