15 August 2026 at 1:50 am
Summary
The White House is addressing a multi-billion dollar tariff-dodging scheme, primarily involving China, which is costing the U.S. between $19 billion to $26 billion in tax revenue annually. Experts suggest that the high tariffs imposed by the Trump administration have created a significant incentive for companies to engage in fraud, such as transshipment, to evade these levies.
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