The Chinese, a clever people, are figuring out ways around US trade restrictions. Imagine that! From Tyler Durden at zerohedge.com:
Always an industrious people when it comes to maximizing profit and cash flow, especially if it means breaking the law, it didn’t take long for Chinese exporters to find a way to dodge hundreds of billions in US tariffs. Take the case of David Visse, a wood importers from Oregon, who this past June got a call from a supplier asking if he would like to get some Chinese plywood tariff-free. “How would that work”, asked importer David Visse. The products carry an identification code that is checked by U.S. Customs agents.
“Don’t worry about it,” the supplier said. The plywood would be stripped of its Chinese markings, and “we’ll ship it under some other code.”
