US Firms Demand Crackdown on Tariff-Evading Chinese Importers

WASHINGTON—The United States needs tougher legislation to enforce trade laws and ensure criminal prosecution of Chinese regime-subsidized companies that circumvent U.S. tariffs by shipping goods through third countries, U.S. companies said on Wednesday.
Executives from a slate of mid-size industrial companies—including makers of steel pipes, kitchen cabinets and coat hangers—said at an event with lawmakers on Capitol Hill that for years the United States had been losing out on tariff revenue and American companies had been forced out of business by Chinese firms that exploited trade rules.
Even when U.S. companies had won trade cases, they said, limited funding for enforcement meant the Chinese firms could easily find loopholes…. 

Read More

Leave a Reply