Record $112 Billion Gap Highlights Surge in Suspected US-China Tariff Evasion
3 hours agoBusiness
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Record $112 Billion Gap Highlights Surge in Suspected US-China Tariff Evasion

Trade data reveals a record $112 billion discrepancy between China's reported exports to the US and US Customs' records in 2023, indicating a significant rise in suspected tariff evasion. Experts and business owners attribute this surge to aggressive Chinese logistics tactics, high US tariffs, and fraudulent shipping offers, which disadvantage compliant American companies. This growing gap surpasses levels seen during the initial US-China trade war, raising concerns about the effectiveness of current tariff policies in protecting US manufacturing.

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