The Tariff Trap: Unpacking the White House's Latest Salvo Against Beijing A disturbing trend in global commerce has emerged from a recent report by the Trump White House on trade practices.
Countries are routing their exports through third party nations to avoid U. S. tariffs, resulting in estimated annual tax revenue losses of $19 billion to $26 billion.
The most striking aspect of this report is China's response to new tariffs imposed in 2018: sending goods to countries like Mexico and Malaysia for packaging and limited assembly.