How Exporters Dodge $30B US Tariffs: Rerouting, Mislabeling, and Underreporting

Reported about 7 hours ago

A Goldman Sachs report reveals that US exporters are using tactics such as rerouting goods through other countries, mislabeling products, and underreporting shipments to evade new tariffs imposed by President Trump. These methods could potentially lead to a loss of nearly $30 billion in revenue for the U.S. government, highlighting significant challenges in tariff collection and trade reporting.

Source: YAHOO

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