White House exposes ‘Transshipment Scam’ costing US up to $26B, points finger at China
Concerns are growing that foreign exporters are routing goods through third countries to evade U.S. tariffs, according to a new White House report released Thursday.
As well as China, Panama, Mexico and Colombia are among more than 40 countries identified as posing a high transshipment risk, together with Brazil, Argentina, Chile, Peru, Costa Rica and the Dominican Republic.
Transshipment can involve routing goods through an intermediary country before they enter the United States under a different country of origin...