US flags dozens of trade partners as risks for aiding tariff evasion
The trading partners flagged include India, Japan, South Korea, Vietnam and Singapore.
The White House has labeled multiple trading partners as risks for assisting in evading tariffs imposed by President Donald Trump, according to a report released on Thursday. The report, which comes from the administration of former President Donald Trump, targets countries that facilitate illegal transshipment of goods, a practice that allows Chinese exports to bypass higher tariffs.
The nations named in the report include India, Japan, South Korea, Vietnam, and Singapore. The Trump administration plans to utilize artificial intelligence to detect and prevent illegal practices in the future. The report highlights that some economies, despite being involved in legitimate trade flows, have a higher risk of transshipment due to their supply chains' integration with China.
Singapore, despite its strong rule of law and transparent regulations, was placed in the third group of trading partners due to its advantage in US access, making it an attractive target for rerouting goods. Singapore's Ministry of Trade and Industry (MTI) emphasized the country's commitment to upholding its international reputation and safeguarding its business environment, stating that it takes trade compliance seriously and will take firm action against any violations of laws.
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