Rising Customs Fraud: How Companies Are Evading U.S. Tariffs
Автор: Panorama - Breaking News 3
Загружено: 2025-05-27
Просмотров: 1
Fraudsters are increasingly employing sophisticated tactics to evade tariffs on imported products, according to a report from The New York Times. Companies are reportedly lying about the value and materials of their goods to circumvent President Donald Trump’s extensive global tariffs.
Some Chinese firms are allegedly assisting U.S. companies in these deceptive practices, which experts label as customs fraud. One common method includes underreporting the value of products to reduce tariff liabilities, as tariffs are based on a percentage of the declared import price. Another tactic involves misrepresenting the materials of products, such as claiming a polyester shirt is made of cotton to benefit from lower tariffs. Additionally, some companies are routing products through other countries with lower tariffs before importing them to the U.S.
Leslie Jordan, an apparel manufacturer, expressed concerns that these fraudulent schemes disadvantage honest companies, highlighting the desperation among businesses facing unfair competition. David Rashid, executive chairman of Plews, warned that without stronger measures against tariff evasion, those willing to cheat will continue to dominate the market.
Customs lawyer John Foote described the rise in such practices as indicative of a "high tariff era." White House spokesperson Kush Desai defended the administration's tariff policies as necessary to combat persistent trade deficits that have harmed American industries and workers. Desai encouraged foreign exporters to negotiate trade deals rather than seek illegal workarounds.
President Trump recently announced sweeping tariffs, which he initially termed “Liberation Day” for the U.S. Although he paused most reciprocal tariffs for 90 days, he maintained a blanket 10 percent tariff. While some countries face higher tariffs, Trump has adjusted tariffs on Chinese goods, lowering them from 145 percent to 35 percent after China reciprocated by reducing tariffs on U.S. products.
The Trump administration has faced scrutiny and uncertainty surrounding its trade policies, having announced new or revised tariffs over 50 times since taking office, as noted by The Washington Post.
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