White House says tariff evasion via transshipment is costing $19bn-$26bn a year
The White House has said a new report estimates that tariff evasion through transshipment is costing the United States between $19 billion and $26 billion a year in lost revenue. The report says exports are being routed through third countries to avoid US tariffs, with the practice described by officials as a major enforcement problem. White House trade adviser Peter Navarro said China is laundering exports through more than 40 countries, while also arguing that other countries are enabling the avoidance of duties.The report was released on Thursday and comes ahead of a planned September visit by Chinese leader Xi... [Continue Reading]
360LiveNews | 14 Aug 2026 05:59 LONDON
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