Customs Busts $400M Trade Duty-Evasion Ring Involving China and Others

Customs busts $400M trade duty-evasion ring involving China and others

EXCLUSIVE: U.S. Customs and Border Protection has busted up a duty-evasion ring attempting to evade President Trump’s tariffs, FOX Business exclusively reports. The CBP uncovered over $400 million in unpaid trade duties through investigations permitted under the Enforce and Protect Act (EAPA), a tactic used to police and stop illegal transshipments and other methods aimed at defrauding the U.S. government. That figure is expected to rise as the …

Tariff Evasion Bust - U.S. Customs Finds Transnational Shell Companies in Taiwan, South Korea, Indonesia and Vietnam - The Last Refuge

U.S. Customs and Border Patrol has discovered a massive network of Chinese shell companies, set up in Taiwan, South Korea, Vietnam and Indonesia, specifically to avoid U.S. tariffs. …”Investigations into transshipping are ongoing, the CBP tells FOX Business with monetary recovery likely to grow beyond $400 million”… Up to 250 shell companies have been identified […] The post Tariff Evasion Bust – U.S. Customs Finds Transnational Shell Companies …

Customs Busts $400M Duty-Evasion Ring Tied to China and Global Network

U.S. Customs and Border Protection (CBP) has dismantled a massive duty-evasion operation designed to circumvent President Trump’s tariffs.

Financial News Network - Customs busts $400M trade duty-evasion ring involving China and others

In a FOX Business Exclusive: U.S. Customs and Border Protection uncovers network evading $400 million in tariffs, some of which involved Chinese shell companies.Read More …