Home World News Chinese Exporters Dodge Tariffs With Fake Made-in-Vietnam Labels

Chinese Exporters Dodge Tariffs With Fake Made-in-Vietnam Labels

69

Chinese Exporters Dodge Tariffs With Fake Made-in-Vietnam LabelsVietnam said on Sunday that it found dozens of fake product-origin certificates and illegal transfers by companies trying to sidestep U.S. tariffs on everything from agriculture to textiles and steel. It was one of the first times an Asian government has publicly alleged such misbehavior since trade tensions between the world’s two biggest economies escalated this year. The statement from Vietnam, which pledged to increase penalties on trade-related fraud, adds to concerns that some Chinese exporters are illegally rerouting orders after Trump imposed tariffs on $250 billion of Chinese goods and threatened to target an additional $300 billion.

Source: Yahoo.com