America Bank China Chinese Dollar Donald Trump Economy Exports Fraud Goldman Sachs Import Manufacturing Revenue shipping Supply Chain Tariff United States War White House
The White House is now cracking down on these tariff dodgers. In a report on Tuesday, the administration chronicled the magnitude of the problem and outlined how it’s trying to curb it. It claimed the U.S. is losing between $19 billion to $26 billion in tax revenue annually as a result of countries routing exports through other countries in order to evade levies, in a process called transshipment. But the true extent of the tariff fraud may be even greater than that. Last year, data from China’s General Administration of Customs and U.S. Census Bureau showed a $112 billion gap…
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