The White House stated that the United States suffers annual losses of up to $26 billion due to other countries circumventing tariffs
Kyiv • UNN
The White House published a report stating that China and other countries use third countries to circumvent U.S. tariffs, resulting in annual losses to the budget of $19–26 billion. Trade adviser Peter Navarro said that China launders its exports through more than 40 countries.
A new White House report stated that China and other countries are using third countries to circumvent U.S. tariffs. As a result of such schemes, the U.S. budget loses out on between $19 billion and $26 billion annually. Euronews reports, citing UNN.
A new report by Trump's White House, published on Thursday, stated that countries are routing their exports through third countries to avoid U.S. tariffs, with estimated annual losses in tax revenues ranging from $19 billion to $26 billion (approximately €16.5–22.6 billion)
According to the publication, White House trade adviser Peter Navarro said that China launders its exports through more than 40 countries. At the same time, he noted that the issues described in the report also concern other countries that allow them to avoid tariffs.
For years, a massive transshipment scheme has allowed communist China to launder its exports
According to available data, after tariffs were raised in 2018, China began sending some of its goods to countries such as Mexico and Malaysia. There, the products were repackaged or underwent limited assembly. The report calls this practice transshipment, and it allowed China to continue expanding its manufacturing sector while creating the impression that the volume of U.S. imports directly from China was declining.
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