US Companies Use Subsidiaries To Avoid The Worst Of Trump's Trade War
- 5 years ago
According to Business Insider, American companies may be finding an ingenious way to skirt around the tariffs imposed by President Donald Trump on importing Chinese goods.
UBS's Paul Donovan said some US firms are likely funneling imports from China through other foreign subsidiaries.
This allows them to import products from China, but without having to pay the 25% tariffs levied on imports from the country.
UBS's Paul Donovan said some US firms are likely funneling imports from China through other foreign subsidiaries.
This allows them to import products from China, but without having to pay the 25% tariffs levied on imports from the country.