Some Chinese exporters are going to extreme lengths to avoid the hit from Donald Trump’s tariffs.
Some Chinese exporters are going to extreme lengths to avoid the hit from President Trump’s tariffs.
“It’s always a cat-and-mouse game,” said Fred Burke, managing partner at law firm Baker & McKenzie Ltd. “As long as people are willing to take risks in search of those arbitrages of say, 25% duties, it’s very difficult to enforce.” The Southeast Asian country’s reported shipments to the U.S. have jumped this year as China’s have slumped. While there’s evidence that some of those gains are, analysts have questioned how much of the recent surge is legitimate.
“A cottage industry for circumventing U.S. tariffs will likely bloom, given the high tariff rates and huge potential profit,” said Chua Hak Bin, a senior economist at Maybank Kim Eng Research Pte. in Singapore. “ASEAN governments will likely crack down on such re-routing for fear of being seen as a back door,” Chua said, referring to the Assn. of Southeast Asian Nations.Questionable shipments are likely to be a “relatively small” portion of China’s total exports to the U.S.
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