The Trump administration has reported an estimated annual revenue loss between $19 billion and $26 billion as countries, including China, have found ways to evade tariffs. The report notes that since the introduction of new tariffs in 2018, China has been transshipping goods through other countries, such as Mexico and Malaysia, for packaging and limited assembly to avoid these tariffs.
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Trump Administration Reports Annual Revenue Loss of $19B-$26B Due to Tariff Evasion
The Trump administration estimates it is losing between $19 billion and $26 billion annually in revenue due to tariff evasion by countries like China. The practice of transshipping, where goods are sent to other nations for processing to circumvent tariffs, has been highlighted as a significant factor since the tariffs were implemented in 2018.
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Trump White House says it's losing $19B-$26 billion a year in revenue as countries dodge tariffs
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Trump Administration Reports Annual Revenue Loss of $19B-$26B Due to Tariff Evasion