#tariff-evasion

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#transshipping #us-china-trade #tariff-revenue-loss #transshipment #trade-enforcement #us-tariffs
fromFortune
3 weeks ago

Trump'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
US politics
fromBusiness Insider
4 weeks ago

Tariff evasion could cost the US $40 billion in revenue, Goldman Sachs warns

Tariff evasion could cut US tariff revenue by about $40 billion annually as imports are rerouted through low-tariff countries and values are underreported.
US politics
fromWIRED
4 months ago

Complaints About Tariff Evasion Have Jumped 160 Percent Under Trump

CBP reported a significant rise in tariff evasion complaints following new duties imposed by President Trump.
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