Showing posts with label avoidance. Show all posts
Showing posts with label avoidance. Show all posts

Friday 25 February 2022

Tariff evasion on imports from China

 

"An easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!” 

In the days when Twitter was the main medium for presidential proclamations, that was what Donald Trump recommended to companies using China as a manufacturing base. He was half right: avoiding tariffs has proved to be quite simple. What he failed to see, though, was that avoidance is an eminently viable strategy for companies staying put in China.

The scale of avoidance is, to use a non-technical term, huge. A giant discrepancy that has opened up between Chinese and American trade data provides a window onto the tariff-dodging that has occurred over the past three years since America slapped duties on Chinese products.

So what is happening and how are they doing it? Find out more HERE

 
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