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White House exposes ‘Transshipment Scam’ costing US up to $26B, points finger at China

Concerns are growing that foreign exporters are routing goods through third countries to evade U.S. tariffs, according to a new White House report released Thursday.As well as China, Panama, Mexico and Colombia are among more than 40 countries identified as posing a high transshipment risk, together with Brazil, Argentina, Chile, Peru, Costa Rica and the Dominican Republic.Transshipment can involve routing goods through an intermediary country before they enter the United States under a different country of origin, potentially qualifying for lower tariffs.TOP TRUMP AGENCY PURGES OVER 20 SUSPEC...