Origin Washing to Evade U.S. Tariffs
Chinese companies are using 'origin washing' services to evade U.S. tariffs by pretending their products were shipped from other Asian countries. These services help falsify documents and conceal the true origins of shipments, but face challenges from increased customs scrutiny and crackdowns in countries like Vietnam and South Korea.
Key Points
- Chinese companies using 'origin washing' services to evade U.S. tariffs
- Increased customs scrutiny and crackdowns in countries like Vietnam and South Korea pose challenges to the practice
Pros
- Can help Chinese companies evade high U.S. tariffs
Cons
- Illegal practice of falsifying documents
- Risk of getting caught by customs authorities