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A report led by trade adviser Peter Navarro estimates the U.S. loses up to $26 billion annually in tariff revenue to illegal transshipment
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The White House released a report Friday accusing more than 40 countries of helping Chinese exporters illegally redirect goods through intermediary nations to dodge U.S. tariffs, a practice the report estimated deprives the U.S. of between $19 billion and $26 billion in tariff revenue each year.
The report, led by White House trade adviser Peter Navarro, named China's Asian neighbors — including Vietnam and Malaysia — as well as major U.S. trading partners such as Canada, Mexico and the European Union as countries enabling the practice, according to the Wall Street Journal.
