Friday, July 11, 2025

Creating liberating content

Niagara Falls is one of the most stunning natural wonders

Jensen Huang, CEO of Nvidia, holds a motherboard as he

The Reserve Bank on Friday said it has imposed a

Related News

Niagara Falls is one of the most stunning natural wonders in the world, it’s a fact that no one can deny. Though it’s beautiful in every season, when winter takes

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France,

US stocks opened lower on Friday, pulling major indexes off their record highs from the previous session, as investor sentiment turned cautious following President Donald Trump’s fresh tariff announcements.The S&P

The Reserve Bank on Friday said it has imposed a Rs 4.88 lakh penalty on HDFC Bank for contravention of certain norms relating to foreign investment in India while granting

This Optical illusion challenges the viewer to find a set of skis cleverly disguised in a beach scene filled with red-and-white striped chairs and umbrellas. At first glance, everything looks

Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty Images Tesla will open a

Trending News

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little

‘The Best You’ features India’s comedy queen, Bharti Singh, who shares her story resilience and reinvention Klook, Asia’s leading platform for travel experiences and services, launched its new campaign titled

Britain’s economy contracted for the second consecutive month in May, dealing a blow to finance minister Rachel Reeves as she navigates a shaky domestic recovery and heightened global uncertainty. Official

Slow US-China trade deal may push Trump’s tariff deadlines Trade deals between the US and China are moving at a pace slower than expected, which may lead to extensions of

Access Denied You don’t have permission to access ” on this server. Reference #18.adf5d217.1752215691.16ea1cd4 Source link

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

‘Made in South Korea’: How Chinese companies are allegedly ‘evading’ Trump tariffs

Word Count: 718 | Estimated Reading Time: 4 minutes


'Made in South Korea': How Chinese companies are allegedly 'evading' Trump tariffs

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 company registered under a Chinese national’s name in South Korea, and then exported to the US falsely labeled as South Korean products.
In another example, anode materials used in rechargeable batteries were shipped from China, repackaged in South Korea, and falsely labeled before being exported.
Similarly, parts for surveillance cameras were imported into South Korea, assembled domestically, and then exported under the guise of being South Korean-made.
South Korea’s customs agency has now established a special task force to investigate and crack down on these deceptive trade practices. Authorities warned that such tactics could undermine South Korea’s trade credibility and harm domestic industries that abide by international regulations.
The crackdown comes as South Korea enters a new round of trade talks with the United States this week. Analysts suggest the timing may be strategic, aimed at demonstrating Seoul’s commitment to curbing indirect exports of Chinese goods, a key concern for the Trump administration.
Earlier, the Wall Street Journal reported that US officials are expected to press their South Korean counterparts during negotiations to prevent such circumvention of tariffs. In response, China’s ministry of commerce said that it would reject any trade deal that compromises Chinese interests and vowed to take reciprocal countermeasures if needed.
US President Donald Trump’s administration has slapped goods from China with tariffs that have soared to 145%. Although South Korean goods have also been hit with “reciprocal” tariffs currently on a 90-day pause, their tariff rate of 10% for now is far more favorable.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account