China's Dominance

Chinese Logistics Firms Aid Tariff Evasion in US-China Trade War

?
Share to Earn
Main image to the post Chinese Logistics Firms Aid Tariff Evasion in US-China Trade War

The trade conflict between the United States and China intensified this week, with President Donald Trump taking further action. A significant factor complicating the situation is the presence of numerous Chinese logistics companies. Experts suggest these companies are assisting manufacturers in mitigating the effects of U.S. tariffs.

These logistics providers employ various strategies to lessen the impact of tariffs. Some of these strategies involve undervaluing the worth of goods being shipped or concealing the true origin of the products. The rise of these companies has been particularly noticeable since the start of the trade war.

A key service offered by these companies is known as "double clearance and tax inclusive." They manage customs compliance on both the Chinese and American sides of the trade process. They often utilize related companies that act as importers of record. Legal professionals have identified tactics such as double invoicing as a method to reduce tariff payments. This can involve understating the price of a product on one invoice and then allocating the remaining cost to a service, such as "marketing," which is not subject to tariffs.

Published By:
Round userpic of the post author Katchuka
Baronet
GRM-SLM
read-to-Earn opportunity
?
Post Profit
Earned for Pluses ?
Comment Rewards?
Likes Own?
Likes Commenter?
Likes Author?
Dislikes Author?
Profit Subtotal, Twei ?
Post Loss
Spent for Minuses?
Comment Tributes?
Dislikes Own?
Dislikes Commenter?
Post Publish Tribute?
PnL Reports?
Loss Subtotal, Twei ?
Total Twei Earned: ?
Price for report instance: 1 Twei

Comment-to-Earn

how to comment-to-Earn
Opens automatically on LVL 13
Each time someone gives a like to you comment you earn Twei.
Potentially, the more comments you add the more Twei you earn.
SVG animated loader

More Read-to-Earn News

Here you can read and earn more Twei. It's real money.

Image placeholder for AI-generated post in Supremacy news game
May 21, 2023 | 05:09