No.1 Opportunity for 2025 [Take Action Now!]

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Trump's trade demands go beyond tariffs to target perceived unfair practices

DAVID McHUGH
May 05, 2025

FRANKFURT, Germany (AP) -- The Trump administration says the sweeping tariffs it unveiled April 2, then postponed for 90 days, have a simple goal: Force other countries to drop their trade barriers to U.S. goods.

Yet President Donald Trump's definition of trade barriers includes a slew of issues well beyond the tariffs other countries impose on the U.S., including some areas not normally associated with trade disputes. Those include agricultural safety requirements, tax systems, currency exchange rates, product standards, legal requirements, and red tape at the border.

He's given countries three months to come up with concessions before tariffs ranging from 10% to more than 50% go into effect. Tariffs on China are already in effect.

On many issues it will be difficult, or in some cases impossible, for many countries to make a deal and lower their tariff rates.

In addition, many trade officials from targeted countries say privately that it isn't always clear what the Trump administration wants from them in the negotiations.

Vice President JD Vance announced that India has agreed to the terms of trade talks with the United States, but other countries are still trying to set the contours for any negotiations. The White House has highlighted conflicting goals for its import taxes: It's seeking to raise revenues and bring manufacturing back to the U.S., but it also wants greater access to foreign markets and massive changes to other nations' tax and regulatory policies.

Here are several non-tariff areas the administration is targeting:

CURRENCY EXCHANGE RATES

Trump has accused Germany, China and Japan of "global freeloading" by -- in his view -- devaluing their currencies to make their exports cheaper.

The European Central bank has been cutting interest rates to support growth. That could also weaken the euro, which has strengthened sharply against the dollar since Trump took office. The ECB says it doesn't target the exchange rate.

In Japan's case, the Bank of Japan has been gradually raising rates anyway after keeping them at zero or in negative territory for years, which should drive the yen up against the dollar. The U.S. dollar has fallen recently to 140-yen levels, down from about 160 yen last summer. Shrikant Kale, a strategist at Jefferies, believes the dollar will fall to 120 yen over the next 18 months.

FARM PRODUCTS

Agricultural safeguards against importing pests or health hazards have been a sticking point with U.S. trade partners for years. They include Japan's restrictions on rice and potato imports, the EU's ban on hormone-treated beef or chlorine-disinfected chickens and Korea's ban on beef from cows more than 30 months old.

Yet changes face stiff political resistance from voters and farm lobbies in those countries.

For years, U.S. potato growers have sought access to Japan's potential $150 million market for table potatoes. Japan has engaged in talks but taken years simply to supply a list of concerns to U.S. negotiators. The delay is "pure politics," intended to protect domestic growers, says National Potato Council CEO Kam Quarles. If Japanese politicians perceive the pain from Trump's tariffs might be worse than from their own potato growers, "that makes it more likely to make a deal," Quarles said.

But "if they perceive the pain domestically will be worse than the Trump administration can bring to them ... we're going to be stuck where we are."

Korea's beef restrictions started as a measure to keep out bovine spongiform encephalopathy, or mad cow disease. The 30-month rule has been maintained in the wake of mass protests in 2008, even as the U.S. has become the largest beef exporter to Korea.

"It's still politically controversial because of the scar at the time in 2008. I think the government will be very cautious," said Jaemin Lee, professor of law at Seoul National University and an expert on trade issues.

TAXATION

Trump has railed against value-added tax as a burden to U.S. companies, although economists say this kind of tax is trade-neutral because it applies equally to imports and exports. Value-added tax, or VAT, is paid by the end purchaser at the cash register but differs from sales taxes in that it is calculated at each stage of the production process.

Trump's view could mean higher tariffs for Europe, where individual countries levy VAT of 20% or more depending on the type of good, and for the more than 170 countries that use this kind of tax system. The U.S. is an outlier in that it doesn't use VAT; instead, individual states levy sales taxes.

There's little chance countries will change their tax systems for Trump. The EU for one has said VAT is off the table.

"The domestic taxation system has not been a conventional topic in trade negotiation because domestic taxation is directly related to national sovereignty or the domestic economic regime," trade expert Lee said. "It's very hard to understand why VAT has become an important topic in the trade discussion."

PRODUCT STANDARDS

U.S. officials have complained about Japan's non-recognition of U.S vehicle safety standards and its different testing procedures for car equipment.

Japan also provides subsidies for the Japanese-designed ChaDeMo plug standard for electric cars, requiring foreign makers to use an outdated technology if they want the subsidy.

BUREAUCRACY

Concerns about excessive or baffling bureaucratic procedures to get goods into a country are mentioned repeatedly in the administration's latest trade assessment. The U.S. has complained about expensive delays getting permission to export seafood to Japan. Meanwhile, Japan requires wheat imports to be sold to a government entity and has "highly regulated and intransparent" quota system that keeps rice imports from the U.S. to a minimum.

Most of these issues are years old, raising questions about whether 90 days is enough to make a deal over them.

U.S. pharmaceutical companies have complained about Korea's system for drug imports, while automakers say environmental equipment standards are unclear and expose only importers to criminal penalties in case of violations.

BUY AMERICAN

Analysts say that despite the long list of non-tariff issues, the administration's main focus may lie elsewhere: on Trump's desire to reduce trade deficits, cases where a country sells more to the U.S. than it buys.

And the solution may be other countries buying more U.S. products, from energy to soybeans, and builingd more plants in the U.S.

U.S. energy is already a major export to Europe. Trump has mentioned a figure of $350 billion for potential EU gas imports. The EU does need imported gas. But Trump's figure would be a stretch given that last year's exports of liquefied natural gas to the EU were around $13 billon, and that Europe is seeking to reduce its use of fossil fuels over the longer term.

THE HEART OF THE MATTER?

Discussions about non-tariff issues may simply be leverage to underpin Trump's stiff tariff levels.

"It's just a thing that's there to justify my tariffs," said Tobias Gehrke, senior policy fellow at the European Council of Foreign Relations.

While lower level trade officials and industry representatives are acutely aware of non-tariff issues like agricultural safety, "Trump and his cabinet... don't really care about chlorinated chicken regulations in Europe and food standards," Gehrke said. "They have much bigger thinking."

"They want to have European companies significantly move production to America... and to export from America to Europe. That would change the trade balance."

"And if that's the main logic, then there's no real deal to be had on non-tariff barriers."

___

Rugaber contributed from Washington DC and Kageyama from Tokyo.

Continue Reading...

Popular

Ivanka Trump Drops by Eagles Locker Room, Responds to Player Who Called Her 'Beautiful': 'Stopped By To Say Hi! Sorry To Miss You! Go Birds!'

Ivanka Trump made an unexpected visit to the Philadelphia Eagles locker room on Friday. The visit seemed to be aimed at meeting cornerback Eli Ricks, who had previously complimented her.

Here's the late changes Republicans made to Trump's big bill

WASHINGTON (AP) — Republicans made several eleventh-hour changes to their massive as they tried to win over GOP holdouts and pass the bill through the House.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

In Spain, a homelessness crisis unfolds in Madrid's airport

MADRID (AP) — Every morning at 6 a.m., Teresa sets out in search of work, a shower and a bit of exercise before she returns home. For around six months, that has been Terminal 4 of .

Trump Takes Aim at Taylor Swift: 'No Longer Hot' — Slams 'Washed Up' Bruce Springsteen

In a social media outburst this week, President Trump targeted music icons Taylor Swift and Bruce Springsteen, as well as the Supreme Court.

Trump Backing this A.I. Energy Stock?? - Ad

It wasn't a speech or campaign ad - but Trump just launched a $1 trillion energy and A.I. deal linking U.S. tech and Saudi oil. One under-the-radar energy stock could soar from it. With $3B in income, an A.I. partner, and Trump's backing, this may be the ultimate A.I. energy play.

FDA approves Novavax COVID-19 shot but with unusual restrictions

WASHINGTON (AP) — The Food and Drug Administration has issued a but with unusual restrictions.

SCHD: The Dividend ETF Turning Quiet Compounding Into Long-Term Wealth

Dividend growth investing may not be flashy, but it quietly creates lasting wealth for retirement. SCHD is a standout among dividend ETFs.

Thinking Of Buying Gold? Consider This ... - Ad

Gold is at record highs-up 22:1 vs stocks, 2:1 vs Bitcoin, soaring past $3,000/oz. But savvy investors historically have been able to multiply gold gains without buying bullion. Historically there have been gains 1,627X more than gold. Discover more about this gold amplifier in our urgent, free video today.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

CBS News CEO Wendy McMahon quits amid potential Trump lawsuit settlement

CBS News CEO Wendy McMahon said Monday that she is resigning after four years, the latest fallout at the network as its parent company considers settling a lawsuit with President over a “60 Minutes” with his former political opponent.

Poland's Tusk says Russian hackers attacked party websites before election

WARSAW, Poland (AP) — Poland's Prime Minister Donald Tusk said that Russian hackers attacked the websites of parties in his ruling coalition on Friday, two days before a

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Trump's meeting with Syria's former-insurgent-turned-leader to give the country 'chance at peace'

RIYADH, Saudi Arabia (AP) — President Donald Ahmad al-Sharaa, the onetime insurgent who last year led the overthrow of the Mideast nation's longtime autocrat Bashar Assad on Wednesday, a day after announcing his plan to ease sanctions on the country and normalize relations with its new government.

OnRe's Blockchain-Driven Yield Revolutionizes Reinsurance Market

On-chain reinsurance firm OnRe has unveiled a product that offers digital asset investors a stable yield tied to real-world assets.

Revealed: Palm Beach Millionaire's Warning About "The Great Replacement" - Ad

A Wall Street veteran with a four-decade track record has issued a disturbing warning from his estate near Mar-a-Lago. He warns of an economic restructuring that will eliminate traditional career paths while creating unprecedented wealth opportunities.

Dealing with a toxic workplace? Talk about it, write it up and if all else fails, leave it behind

NEW YORK (AP) — One week into a new job, Lisa Grouette discovered something missing come Sunday night: the sinking feeling of dread she used to experience before going to work every Monday.

AST SpaceMobile Shares Are Facing Selling Pressure Today: What's Going On?

AST SpaceMobile Inc. (NASDAQ: ASTS) shares are trading lower Monday, adding to losses since the company reported first-quarter earnings last week that included revenue and earnings below expectations despite strong operational updates.

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

As Tesla Stock Witnesses Nearly 45% Surge In One Month, Elon Musk Asks Minnesota Governor Tim Walz, 'How's Your Day Bro?'

Elon Musk took a public jab at Minnesota Governor Tim Walz after Tesla stock surged nearly 45% in a month, clapping back at earlier criticism with a pointed post on X.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Massachusetts construction company to pay $11M in illegal dumping case

PROVIDENCE, R.I. (AP) — Rhode Island's top legal chief announced Wednesday that a Massachusetts construction company has agreed to pay $11 million to settle criminal charges that it illegally dumped thousands of tons of contaminated fill in the Ocean State's Capitol city during a highway construction project.

The iconic designs of Jony Ive

NEW YORK (AP) — Jony Ive is renowned for crafting a meticulous product design aesthetic that shaped the tech cultural zeitgeist during a 27-year career at Apple.

This "Boring" Beer Stock Is Crushing It in 2025 (Time to Buy?) - Ad

Anheuser-Busch InBev (BUD) is one of the best-performing large-cap stocks in 2025. Time to buy? Only if you like leaving money on the table. Because there's a much smarter way you could make even more money on BUD starting today.

Japan's Honda projects plummeting profits due to Trump's tariffs

TOKYO (AP) — Honda’s profit for the fiscal year through March slipped 24.5% from the previous year, as its vehicle sales in China dropped, and the Japanese automaker warned Tuesday that will worsen its earnings.

The Next Big Thing in AI: Musk's Secret Supplier - Ad

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

US filings for jobless aid, a proxy for layoffs, inch down modestly last week as uncertainty lingers

WASHINGTON (AP) — The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over .

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service