Chinese Companies Evade US Tariffs by Fraudulently Exporting Goods as South Korean Products: Report

According to a recent report by Nikkei Asia news, Chinese companies are allegedly bypassing high tariffs imposed by the United States by deceitfully shipping goods under the guise of South Korean products. The Korea Customs Service disclosed that counterfeit exports amounted to 29.5 billion won in the beginning of 2025, with a staggering 97% of these goods set for the American market. This fraudulent activity raises concerns about the integrity of international trade and the effectiveness of tariff regulations. Stay informed about the latest developments in global trade practices to safeguard against fraudulent activities and ensure fair competition in the market.

In Trend

Russia’s Central Bank & Finance Ministry Plan Crypto Exchange for “Super-Qualified Investors” Under Experimental Legal Regime

“BSE Sensex and Nifty50 open in red, Sensex drops below 80,000 and Nifty50 below 24,300 on Thursday”

Leave a Reply

Your email address will not be published. Required fields are marked *