Some firms are skirting Trump tariffs through fake labels, shady routes and risky loopholes
If you put up a barrier, people will find a way around it. So its not shocking to read recent news stories about how some businesses are trying to skirt around tariffs – particularly from China.
They’re shipping goods through third countries, rather than directly from China, using special “shoppers” to skirt minimum quantity amounts, colluding with suppliers to falsify country-of-origin labels, undervaluing goods, or “assembling” products out of China where tariffs are lower. They’re creating shell companies in more tariff-friendly countries and even going so far as forging certificates of origin (thanks ChatGPT!) and otherwise falsifying shipping documentation in collusion with, or independently from, their suppliers.
Some firms are skirting Trump tariffs through fake labels, shady routes and risky loopholesIf you put up a barrier, people will find a way around it. So its not shocking to read recent news stories about how some businesses are trying to skirt around tariffs – particularly from China.They’re shipping goods through third countries, rather than directly from China, using special “shoppers” to skirt minimum quantity amounts, colluding with suppliers to falsify country-of-origin labels, undervaluing goods, or “assembling” products out of China where tariffs are lower. They’re creating shell companies in more tariff-friendly countries and even going so far as forging certificates of origin (thanks ChatGPT!) and otherwise falsifying shipping documentation in collusion with, or independently from, their suppliers. Continue reading… US small business, Business, Trump tariffs, Tariffs, US news, Donald Trump, World news, China, Asia Pacific Business | The Guardian
