Donald Trump Issues Warning to China Over ‘Cheating' Around Tariffs
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!!!"
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.
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