Are Chinese firms using 'Made in Korea' labels to bypass Trump tariffs?

Quick Summary:

Chinese companies are using deceptive practices to evade steep US tariffs.

Korean authorities on Monday said it had discovered 29.5 billion won ($20.7 million) worth of fraudulent exports in the first quarter of 2025 alone — nearly matching the 2024 full-year total of 34.8 billion won.

The US government, under the administration of President Donald Trump, has imposed tariffs of up to 145 per cent on Chinese imports.

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Category: BusinessFinance

Markets: IndiaChinaSouth KoreaUnited States

Topics: South Korea customs crackdown US South Korea trade talks Chinese companies bypassing tariffs Korea Customs Service investigation Chinese exports to US Origin fraud in trade Made in Korea label fraud Trump tariffs 2025 US China trade war 2025 Trade war impact on exports US trade policy enforcement US China economic tensions Korean customs enforcement South Korea export violations US tariffs on China Transshipment practices Chinese firms tariff evasion South Korea trade relations Chinese goods mislabelled International trade agreements

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 17:14:42 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28189582

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