Reported 2 days ago
Chinese imports into the US are declining significantly, but goods from China are still reaching American stores by passing through other Southeast Asian nations like Vietnam, Thailand, and Indonesia. While this trend is beneficial for shoppers due to lower prices, it highlights potential loopholes in President Trump’s tariff strategy, which imposes high taxes on Chinese goods but much lower rates on imports from other countries. This shift is reminiscent of previous trade patterns during Trump's first term, prompting concerns that the administration may respond with increased tariffs on these transshipment nations.
Source: YAHOO