Trump White House says it’s losing $19B-$26B a year in revenue as countries dodge tariffs
The White House says transshipping through more than 40 countries is costing the United States up to $26 billion in annual tariff revenue.
- The Trump White House released a report on Thursday estimating that countries routing exports through third-party nations to avoid U.S. tariffs cost the government between $19 billion and $26 billion in annual revenue.
- China has responded to tariffs since 2018 by sending goods to Mexico and Malaysia for packaging and limited assembly, effectively obscuring manufacturing growth while bypassing U.S. duties.
- White House trade adviser Peter Navarro stated the report uses a $75 billion central figure for transshipped goods, with total estimates ranging from $34.2 billion to $303 billion annually.
- Customs and Border Protection is prototyping artificial intelligence to stop transshipments, while Navarro noted that future trade frameworks will include penalties for partners like India that enable such practices.
- The report precedes Chinese Leader Xi Jinping's planned September visit as America's trade imbalance reaches $371 billion this year, down about $189 billion from the same period last year.
23 Articles
23 Articles
The Toronto Star
Trump White House says it’s losing $19B-$26B a year in revenue as countries dodge tariffs
WASHINGTON (AP) — The Trump White House said in a new report on Thursday that countries are routing their exports through third countries to avoid U.S. tariffs, estimating that there are tax revenue losses of $19 billion to $26 billion…
Associated Press News
Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs
The Trump White House reports that countries are routing exports through third nations to avoid U.S. tariffs, causing tax revenue losses of $19 billion to $26 billion annually.
Romania appears in an official White House document, together with more than 40 states, in a context related to alleged mechanisms by which Chinese goods would reach the American market avoiding tariffs imposed by Donald Trump's administration. The document, obtained exclusively from Reality Plus by journalist Ana Maria Păcurau, presents a mechanism by which products manufactured in China could be processed or relabelled in other states before b…
The Trump White House said in a new report Thursday that some countries are diverting their exports through third countries to avoid U.S. tariffs, and estimated that tax revenue losses range from $19 billion to $26 billion a year.
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