Reported about 1 month ago
Despite a dramatic 35% drop in Chinese imports to the US in May, many goods are still reaching American shores by passing through other Asian countries like Vietnam and Cambodia. This method, known as transshipment, allows Chinese companies to sidestep higher tariffs meant for them by shipping products to countries with lower tariffs before entering the US market. As companies adapt to tariffs, there's been an uptick in imports from neighboring nations, highlighting the complexities of international trade amidst the ongoing trade war.
Source: YAHOO