Source: International Business Times
US President Donald Trump's tariff negotiations seek to circumvent 'transshipping' potentially by Chinese firms AFP As President Donald Trump ramps up tariff threats on US trading partners, his administration is taking aim at a tactic said to be used by Chinese companies to dodge the levies by moving goods through third countries. The issue is "transshipping," or having products pass through a country to avoid harsher trade barriers elsewhere, a practice Washington has accused Chinese companies of. "Goods transshipped to evade a higher Tariff will be subject to that higher Tariff," Trump warned in letters issued since Monday, days after unveiling a trade pact with Vietnam that promised steeper duties for such goods too.
