GEOPOLITICS | Record Cargo Gap with China Indicates Tariff Evasion Amid Trade War

A record $112 billion cargo gap with China suggests that U.S. President Donald Trump's trade war has led to tariff evasion on an unprecedented scale. Bloomberg posted on X, highlighting that compliant businesses are bearing the brunt of these evasive practices. The trade war, characterized by tariffs and counter-tariffs, has created significant challenges for businesses trying to navigate the complex landscape. As companies seek ways to circumvent tariffs, the gap in cargo trade has widened, indicating a shift in trade dynamics. This situation underscores the broader economic implications of the ongoing trade tensions between the United States and China.