Businesses are finding a workaround for tariffs — and it’s entirely legal
“Within U.S. customs law, the first sale rule allows U.S. importers to use the price of the first sale in a number of transactions to calculate customs duties.”
[CNBC]
Trump has imposed a lot of tariffs. But here's why collecting them can be hard
“Collecting on these tariffs is another matter. The federal agencies that screen imports are frequently overwhelmed and understaffed, and experts say exporters are becoming cannier at evading taxes."
[NPR]
Trade crime is soaring as Trump’s tariffs incentivize fraud
“The companies may be dodging tariffs by altering the information about the shipments that is given to the US government to qualify for a lower tariff rate. Or they may physically move the goods to another country that is subject to a lower tariff before shipping them to the US, a technique known as transshipment.”
[The Straits Times]
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