How much trade is sailing around Trump’s China tariffs?

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If you increases taxes by as much as 500%, as Donald Trump has managed to do on some goods from China to the US, a lot of shippers are going to spend far more time looking for ways to avoid the tariffs than hoping consumers will simply accept higher prices. According to this analysis from Quartz, the US could already have lost some $60m in unpaid duties on Chinese goods that have been relabelled and transhipped through non-China ports. “Like a dam in a river, the new tariffs are sending goods flowing in different directions, carving new channels for the global supply chain. Mislabelled Chinese goods are a bellwether for the next evolution of global industrial clusters already emerging in the wake of coronavirus and rising protectionism.”