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SignificantEconomyAssociated Press·Associated Press

Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs

Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffs

The Trump White House reported Thursday that countries are routing exports through third countries to avoid U.S. tariffs, estimating annual tax revenue losses of $19 billion to $26 billion. This practice, known as transshipping, has allowed China to continue growing its manufacturing sector despite U.S. tariffs.

international tradegovernment finance
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