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Donald Trump has warned trade partners over “cheating” around the sweeping tariffs imposed by his administration, listing eight ways they could do so in a social media post describing strategies often attributed to China.
In an eight-point list posted on Truth Social on Sunday, the president wrote: “Non-tariff cheating: 1. Currency Manipulation. 2. VATs which act as tariffs and export subsidies; 3. Dumping Below Cost; 4. Export Subsidies and Other Govt. Subsidies; 5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU); 6. Protective Technical Standards (Japan’s bowling ball test); 7. Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year); 8. Transshipping to EVADE Tariffs!!!”
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Trump’s warning over non-tariff-related offences comes days after the president announced a 10 percent baseline tariff against all goods imported to the U.S. and a 90-day pause on higher levies on individual countries—with the exception of China.
Washington and Beijing have descended into a budding trade war that currently sees China subjected to 145 percent tariffs on its exports to the U.S.—with some exceptions—, while U.S. products sent to China face a 125 percent tax.