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India caught in Trump’s tariff crosshairs?
The Trump administration has flagged more than 40 countries, including India, as potential risks for helping China evade U.S. tariffs by routing Chinese goods through third countries. The White House report, titled ‘The Great Transhipment Scam’, estimates that the U.S. could be losing billions of dollars in tariff revenue every year because Chinese goods are being rerouted through other countries. #Trump #IndiaUS #Tariffs #China #Transshipment
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scmp.com
US accuses Chinese exporters of masterminding ‘Great Transshipment Scam’
White House alleges that companies are systematically routing trade through third-party nations to evade US tariffs.
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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.
