India helping China evade US tariffs? White House weighs anti-transhipment penalties, says it's losing $19B-$26B a year
The White House reported that China is allegedly using over 40 countries, including India, to evade US tariffs through transshipping. This practice, highlighted in a report by trade adviser Peter Navarro, allows China to mask the origin of its goods, impacting US manufacturing. The US is considering penalties against these practices to address an estimated annual loss of $19 billion to $26 billion.