White House Warns China and Dozens of Countries Are Stealing Billions with ‘Transshipment Scam’– slaynews.com
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EXCERPT:
The White House is warning that China and dozens of other countries are using third-party nations to disguise the origin of exports and evade U.S. tariffs, costing the Treasury billions of dollars each year.
A new 25-page report from the White House Office of Trade and Manufacturing Policy identifies more than 40 countries as posing a high risk for tariff-avoiding transshipment.
Those nations include China, Mexico, Panama, Colombia, Brazil, Argentina, Chile, Peru, Costa Rica, and the Dominican Republic.
The report, titled “The Great Transshipment Scam,” says the practice allows exporters to route goods through intermediary countries before they enter the United States under a different declared country of origin.
White House Says China Built Global Transshipment Network
The report identifies China as the clearest historical example of the practice.
