U.S. Firms Demand Crackdown on Tariff-Evading Chinese Importers
The U.S. needs tougher legislation to enforce trade laws and ensure criminal prosecution of Chinese government-subsidized companies that circumvent U.S. tariffs by shipping goods through third countries, according to U.S. companies. For years, these loopholes have allowed Chinese exporters to evade duties, forcing American companies out of business. The reintroduction of a bipartisan bill aims to ramp up prosecution and enforcement, but its success depends on increased funding.
- The persistence of tariff evasion highlights the need for a more robust international trade regime that prioritizes rule-of-law enforcement and holds accountable those who exploit loopholes.
- How will a strengthened U.S. response impact China's incentives to engage in similar trade practices, or will it merely accelerate a cycle of retaliation and escalation?