• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Republicans look to stop China’s ‘backdoor’ tariff dodging scheme

by May 22, 2025
written by May 22, 2025

Republicans are targeting China’s efforts to sidestep U.S. tariffs through foreign production, with new legislation introduced Thursday by House Budget Chairman Jodey Arrington, R-Texas.

The Axing Nonmarket Tariff Evasion (ANTE) Act aims to stop subsidized and state-owned entities from setting up production in other countries to avoid tariffs.

‘For far too long, adversaries like China have engaged in unfair trade practices, cheated the American economy, and cost the U.S. millions of jobs,’ Arrington said in a statement to Fox News Digital.

On April 2, which the White House dubbed ‘Liberation Day,’ President Donald Trump announced sweeping tariffs with the intention of ending trade imbalances. Some of the harshest of the tariffs were imposed on China, which was initially hit with a 145% tariff that was later lowered to 30%. 

While tariffs seem to be discouraging Chinese manufacturers from exporting to the U.S., as evidenced by a recent Commerce Department report showing import levels at their lowest since the COVID-19 pandemic, imports have not stopped entirely.

The Chinese Communist Party (CCP) has found ways to evade the tariffs, such as setting up production in third-party countries or by shipping goods to another country and re-labeling them before sending them to the U.S. By labeling the goods as originating from another country, manufacturers dodge the high tariffs on China and instead get hit with much lower tariffs that are imposed on other nations. This is something that Arrington hopes to stop with his legislation.

‘The ANTE Act will stop highly-subsidized, state-owned businesses from using third countries as backdoors to evade President Trump’s tariffs and help ensure a level playing field for American producers and manufacturers,’ Arrington told Fox News Digital.

Sen. Jim Banks, R-Ind., who is introducing companion legislation in the Senate, is also confident the bill will stop the CCP from falsifying the origins of imports.

‘Communist China shouldn’t be able to dodge U.S. tariffs by slapping a ‘Made in Mexico’ label on their products,’ Banks said in a statement to Fox News Digital. ‘My bill closes loopholes and stops the CCP from cheating American workers and manufacturers.’ 

The phenomenon of ‘place-of-origin washing’ is not limited to large businesses. Chinese social media platforms are filled with ads offering services to help sellers avoid tariffs, the Financial Times reported. The outlet also noted that South Korea’s customs agency has seen an uptick in cases involving sellers using their country to avoid U.S. tariffs.

Under U.S. law, goods must undergo ‘substantial transformation’ in a country to qualify as originating from there. The transformation must significantly add to the value of the good, according to the International Trade Administration’s (ITA) website. 

As an example, the ITA writes that if ingredients are taken from several countries and turned into baked goods, the country of origin can be listed as where the items were baked, as this constitutes a ‘substantial transformation.’ However, if produce from multiple countries is frozen and mixed in another nation, then the origin of each ingredient must be listed.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Armenian organized crime rings charged with stealing $83 million in Amazon cargo
next post
House GOP leadership takes victory lap after passing Trump’s ‘one big, beautiful bill’

related articles

Schumer claims Trump admin withholding Epstein files, threatens...

August 15, 2025

From admiration to Alaska: A timeline of Trump...

August 15, 2025

American history won’t be displayed ‘in a woke...

August 15, 2025

Armenia and Azerbaijan leaders seek to ease Russian...

August 14, 2025

Social Security is 90 years old. We are...

August 14, 2025

Trump admin unveils groundbreaking tool ‘supercharging’ gov’t efficiency...

August 14, 2025

DNC rips JD Vance for fishing with British...

August 13, 2025

Vance: Adversaries are ‘afraid’ of US military, and...

August 13, 2025

Trump threatens ‘very severe’ consequences if Russia doesn’t...

August 13, 2025

Trump predicts little progress in potential shutdown talks...

August 13, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Ukraine to analyze fragments of missile fired by Russia capable of carrying nuclear warheads

    November 24, 2024
  • National security experts warn against ‘chaos’ of US elections as Harris enters race

    July 23, 2024
  • Trump commutes prison sentence of Hunter Biden’s ‘fall guy’ Jason Galanis

    April 1, 2025
  • PEDO Act: Lawmaker moves to protect Epstein files, accuses ‘certain FBI agents’ of trying to destroy docs

    February 27, 2025
  • JD Vance says Iranian nuclear program ‘substantially’ set back after ‘precise, surgical’ US strikes

    June 22, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,715)
  • Investing (634)
  • Stock (884)

Latest Posts

  • ESPN, Fox to bundle upcoming streaming services for $39.99 a month

    August 12, 2025
  • ‘Instincts for restraint’: Senate divided over who gets to declare war

    June 19, 2025
  • Vaccinex stock tanks 40% despite positive Alzheimer’s study update

    July 31, 2024

Recent Posts

  • Josh Hawley believes his bill can stop ‘resistance’ judges from ‘provoking a crisis’

    March 28, 2025
  • RIL set to end 2024 in red for the first time in a decade: what investors need to know

    December 17, 2024
  • Airbus sees aviation boom ahead, global fleet to near 50K by 2044 with India in lead

    June 12, 2025

Editor’s Pick

  • Trump meets with Italian PM Giorgia Meloni at his Mar-a-Lago resort

    January 5, 2025
  • Howard Lutnick, Trump Commerce secretary pick, says it’s ‘nonsense’ that tariffs cause inflation

    January 29, 2025
  • Populists shut out of European political systems that favor establishment parties

    July 21, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock