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Trump White House says it's losing $19B-$26 billion a year in revenue as countries dodge tariffs
The report specifically highlights that China responded to new tariffs in 2018 by sending their goods to other nations ranging from Mexico to Malaysia for packaging and limited assembly — a practice known as transshipping.
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apnews.com
Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs
The Trump White House reports that countries are routing exports through third nations to avoid U.S. tariffs, causing tax revenue losses of $19 billion to $26 billion annually.
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washingtonexaminer.com
White House identifies countries evading billions in tariffs
According to a report, foreign countries are transshipping as much as $75 billion in goods to the U.S. each year to evade tariffs.
