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26
Sep
Transshipment has fast become the second most important word in trade, after tariff.
The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe.
This increased scrutiny comes as shifting trade flows highlight how exporters are adjusting to the new tariff environment. In August, China’s exports to the U.S. fell 33% year-over-year, while shipments...