‘IT’S The Non-Tariff Cheating That Matters’

White House Trade Adviser Peter Navarro Said Monday That An Offer By Vietnam to Eliminate Tariffs On Us Emports Would Not Be Be Enough For The Administration to Lift Its New Levies Announced Last Week.

“Let’s take vietnam. When They Come To Us and Say ‘We’ll Go To Zero Tariffs,’ That Mean Nothing to Us Because It’s The Non-Tariff Cheating Tat Matters,” Navarro Said On CNBC’s “Squawk Box. “

The Examples Of Non-Tariff “Cheating” Cited by Navarro Indluded Chinese Products Being Routed Through Vietnam, Intellectual Property Theft and A Value Added Tax.

The Comments From Navarro Come After President Donald Trump Said in A Truth Social Post On Friday That Lam, General Secretary of The Communist Party of Vietnam, Had Offered to Cut Tariffs On Us Products to Zero. Later in the Monday Interview, Navarro Revised His Statement to Say That The Offer Of The Offer Of The Offer Of The Offer A “Small First Start.”

Trump Announced Widespread tariffs Last Week That Sparked A Sharp Selloff in the Stock Market. Wall Street is Watching Closely for News About Potential Negotiations That Could Lead to Those Raded Tariffs Being.

Vietnam is a Manufacturing Hub For Many Companies That Sell Products in The US, Including Apparel Retailers Like Nike. The Trump Administration Said It Would Would Apply A 46% Levy to imports From the market. The one Vaneck Vietnam ETF (VNM) Fell 10% On Thursday After The Tariffs Were Announced.

A Value Added Tax Is A System Used By Many Countries Around The World And Is in Some Ways Similar to Sales Taxes in The Us The Trump Administration’s Argument That The Tax Should Count As A Trade Barrier is A Trade Barrier is a Trade Barrier Is Not Widely Acceptted.

“We Have Tried At The World Trade Organization Since The 1970s To Get Vat-Tax Relief, and They’ve Told Us No Every Single Time,” Navarro Said Monday.

The Trade Adviser Also Said Monday That The Value Added Tax Would Be An Issue in Any Negotiations Around Tariffs With The European Union.