India helping China evade US tariffs? White House weighs anti-transhipment penalties, says it's losing $19B-$26B a year
New Delhi, Aug. 14 -- The Trump White House said in a new report on Thursday that the US is losing $19 billion to $26 billion in tax revenue annually as countries route their exports through third countries to avoid US tariffs.
According to the Associated Press, the report specifically highlights that China responded to new tariffs in 2018 by sending their goods to other nations, ranging from Mexico to Malaysia for packaging and limited assembly - a practice known as transshipping.
That pattern made it look like US imports from China had dropped, but enabled Beijing to continue growing its manufacturing sector in ways that could challenge US factories and employment.
Peter Navarro, the White House trade adviser, told reporters on a con...
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