US companies are using an ingenious method to game the system and avoid the worst of Trump’s trade war
|11/22/2018||Posted by BusinessMediaguide.Com under General World News||
- American companies may be finding an ingenious way to skirt around the tariffs imposed by President Donald Trump on importing Chinese goods.
- UBS’s Paul Donovan said some US firms are likely funnelling imports from China through other foreign subsidiaries.
- This allows them to import products from China, but without having to pay the 25% tariffs levied on imports from the country.
- Concrete evidence for this is slim, but there are clear signs it is happening, Donovan said.