‘Made in South Korea’: How Chinese companies are allegedly ‘evading’ Trump tariffs
[ad_1] Chinese companies are allegedly evading steep US tariffs by fraudulently exporting goods as South Korean products, Japanese news outlet Nikkei Asia news reported.According to Korea Customs Service, exports falsely labeled as made in South Korea amounted to 29.5 billion won for the January-March quarter. In this, the goods exported to the US accounted for 97 per cent."The total for all of last year was 34.8 billion won", it said. Fraud uncovered so far in 2025 has already reached 85% of the full-year total for 2024.According to the report, in some instances, prices of goods have also been deliberately under declared to lower tariff costs.South Korea’s customs service highlighted a number of such schemes, including the case of Chinese-made mattresses—which are subject to anti-dumping duties in the US—being routed through South Korea.These mattresses were stored in warehouses operated by a […]