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. 

The Inside Story of the Ship That Broke Global Trade

The six-day stranding of the "Ever Given" in the Suez Canal last March did something incredibly rare: it made regular people care about shipping, the means by which more than 80% of the world’s goods are transported. It took only one wrong turn for the container ship to bring a critical trading artery to a standstill. This is how a $1 billion worth of cargo got stuck, freed and impounded as the courts took over.