Trump threatens to impose reciprocal tax on India

US President-elect Donald Trump has said that India charges "a lot" of tariff, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

- Press Trust of India

NEW DELHI: Japan's Nissan Motor Co. and Honda Motor Co. have begun discussions about a potential merger, Japanese news wire Nikkei reported. If the talks materialize, the merger could benefit significantly their India operations, providing much-needed investment and product portfolio enhancements to strengthen their presence in one of the world's most competitive automotive markets.

A person aware of the matter said partnership talks leading to a merger have been under way for over a year and a half. "They have synergies, and there will be a lot of exchange of technology. Nissan has small cars, Honda has bigger cars. Nissan has EVs and hybrids, while Honda is strong in strong hybrids," the person said on the condition of anonymity.