US companies have found a way to skirt Trump’s duties while importing Chinese goods

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Paul Donovan, chief economist at UBS Wealth Management, in a client note said that American companies had developed a tactic for moving individual chains of their production of goods from China to other countries in order to avoid paying import duties. Before importing Chinese goods into the United States, they import them through their foreign operations. Thanks to this tactic, the volume of exports of electric switches from the PRC to Canada, for example, has increased significantly in recent times. Large manufacturing companies own production facilities in several countries, which allows them to transfer individual chains of their production.

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