Chinese goods transshipment haunts Trump-Xi meeting: nine Latin American countries flagged
The White House named nine Latin American nations among 40 flagged for transhipping Chinese goods, days before the Trump–Xi summit in Washington.
On Thursday, September 24, Chinese President Xi Jinping will once again meet with former US President Donald Trump at the White House. This meeting is particularly significant for Latin American countries, which have been identified as key players in a growing transshipment scheme involving Chinese goods. The White House has released a report titled "The Great Transshipment Scam: Rise, Scope, and Costs," highlighting nine Latin American countries - Mexico, Brazil, Argentina, Chile, Colombia, Peru, Panama, Costa Rica, and the Dominican Republic - as risk points in this scheme.
The report estimates the annual loss due to this transshipment scam to be between 16.545 billion and 303 billion euros, with the most common estimate being 65.3 billion euros. The report also discusses the mechanisms used in this transshipment scheme, such as relabelling, repackaging, re-invoicing, minor assembly work, and false declarations of origin, all facilitated by free zones, bonded warehouses, and logistics hubs.
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