Nothing Is Certain, Except Tariff Evasion Will Rise
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This is Cécile Daurat and Nazmul Ahasan from Bloomberg News’ US economy team. Today we’re looking at tariff evasion. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Since the first iteration of Trump’s trade war in 2018-19, China’s share of US imports has dropped significantly. Although other factors were at play in global trade, on the face of it, tariffs did exactly what they set out to do.