President Donald Trump took aim at prominent U.S. trade partners during the G-7 summit Saturday, and for good measure, he also threw India into the mix.
As he warned the U.S. might stop doing business with countries he accused of “robbing” America, Trump took aim at India’s tariffs on U.S. goods.
"We're like the piggybank that everybody is robbing," Trump said while addressing a press conference on Saturday.
He also made a reference to India, indicating that his grievances on tariffs was not restricted to the developed economies alone.
"This isn't just G7. I mean, we have India, where some of the tariffs are 100 per cent. A hundred per cent. And we charge nothing. We can't do that. And so we are talking to many countries," Trump said.
Trump said the U.S. will stop trading with any country that does not comply, adding that “that's a very profitable answer, if we have to do it.”
His goal is to have entirely barrier-free markets, Trump said, with no tariffs or subsidies.
"Ultimately that's what you want," he said. "You want a tariff free. You want no barriers. And you want no subsidies. Because you have some cases where countries are subsidizing industries and that's not fair."
Scrutiny of U.S.-India trade relations has increased under the Trump administration:
Trump has repeatedly raked up the issue of India imposing high import dutyon the iconic Harley-Davidson motorcyclesand threatened to increase the import tariffon "thousands and thousands" of Indian motorcyclesto the US.