2 weeks ago

Why US Is Accusing India of a 'Great Transhipment Scam'

Why US Is Accusing India of a 'Great Transhipment Scam'
'Shadow Network': Why US Is Accusing India Of A 'Great Transhipment Scam' · timesnownews.com

The United States charges taxes, called tariffs, on goods that come into the country from other places.

Some countries try to avoid paying these taxes by sending their goods through other countries first.

This trick is called transshipment.

Now the US is accusing India of taking part in a big version of this trick, which it calls a 'great transhipment scam.'

A person quoted in the report, named Navarro, said more than 40 countries help make this trick possible.

He warned that India and Vietnam might try it again as the US adds more tariffs.

He said the way to pay less is not to cheat.

Instead, countries should stop unfair selling, respect other people's ideas, remove barriers to American goods and be fair in trade.

He also warned countries that getting special access to sell in America is not a license to hide another country's goods.

Basically, the US wants everyone to trade honestly and fairly.

Key facts

US accusation
India is part of a 'great transhipment scam' enabled by a shadow network of countries
Countries enabling transshipping
More than 40
Countries warned they may try transshipment
India, Vietnam
US demands
Stop dumping, respect intellectual property, drop barriers to American goods, move towards reciprocity
Warning to lower-tariff countries
Preferential access to the American market is not a license to launder somebody else's exports
Source of remarks
Navarro, quoted in the report

Quotes

Gina Navarro

U.S. Trade Representative

“"Our warning to the lower tariff countries facilitating and enabling the transshipping is this: preferential access to the American market is not a license to launder somebody else’s exports."”
timesnownews.com

Sources

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