Trump’s Trade Critique: Currency Manipulation and the Impact on Bitcoin

On April 21st, **President Trump** outlined eight non-tariff “cheating” practices in international **trade** via **social media**, emphasizing significant violations that can distort market dynamics. Among these practices are **currency manipulation** and the imposition of value-added taxes as unofficial tariffs, which undermine fair competition. Other highlighted practices include **below-cost dumping** and various forms of **export subsidies** that governments employ to gain an unfair advantage in the global marketplace. Additionally, the potential impact of agricultural protective standards, such as the **EU’s ban on GMO corn**, was discussed, shedding light on the complexities of **trade regulations**. The **Japanese keirin test** as a protective technology standard was also noted, along with rampant issues of **counterfeiting** and **intellectual property theft**, which reportedly result in annual losses exceeding **$1 trillion**. Finally, **transshipment tax evasion** was categorized as a critical issue requiring immediate attention from policymakers to uphold the integrity of international trade agreements.