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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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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
Trump Administration Reports Annual Revenue Loss of $19B-$26B Due to Tariff Evasion