fromFortune
5 days agoTrump's tariffs are bringing in serious revenue-and it'd be even higher if not for tariff dodgers costing the government $40 billion a year, Goldman Sachs says | Fortune
Goldman Sachs warned that export data indicates increased rates of transshipments from China to the U.S. through third-party countries-a similar pattern observed during the 2018 trade war. The tariff evasion taking place today could impact more than $200 billion in U.S. imports, costing the U.S. $40 billion in tariff revenue if efforts to curb the sidestepping aren't mitigated, bank analysts Joseph Briggs and Megan Peters said in a report.
US politics