The White House has issued an executive order modifying existing newly agreed upon tariff arrangements by levying a 40% tariff rate for al goods transshipped to avoid applicable tariffs on goods shipped into the U.S. “Transshipping” means for example, where a company in China transships its product to Malaysia and changes the name of the country of origin to Malaysia and ships it into the U.S. this would subject it to another 40% tariff. Tariff fraud relating to goods shipped to the United States has spiked heavily since the tariff negotiations started and the Department of Justice has been tasked with potentially prosecuting violators criminally. The additional 40% tariff was designed to qwell the continued transshipping of goods to evade the newly negotiated tariff deals.
Jeffrey Newman is a whistleblower lawyer representing whistleblowers in tariff fraud or healthcare fraud cases. He can be reached at Jeff@JeffNewmanLaw.com or at 978-880-4758
