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In the Budget, import taxes on high-end motorcycles, such as those made by Harley Davidson, were cut significantly, an issue routinely raised by Trump since his first term in office. The move came just a day before Trump announced new tariffs on Canada, Mexico and China, drawing retaliatory action and prompting a selloff in global markets
US President Donald Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading system and a world economic order that once revolved around a US economy that prized open investment and free markets.
Trump also pledged to place new tariffs on goods from the European Union (EU saying they would “definitely happen”. For now, India has been spared.
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