The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.
Related Posts
A Tariff Pile-On Threatens to Escalate a Global Trade War
American trading partners responded swiftly to President Trump’s latest round of levies with countermeasures, creating more uncertainty for C.E.O.s.
What to Do if You Fall Behind on Auto Loan Payments
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars.
How E-Commerce Is Making China’s Deflation Worse
The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.