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- Apr 6, 2017
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Before Trump, I had never heard the word 'transshipment' before. My searches don't bring much clarity to the term when the subject is Chinese produced steel. China seems to be the world leader in steel production. I have a little business experience and most times when a product passes through a business there is a fee added to the product before it leaves for the next stop. If this is a common practice, it would seem that the price would reflect the number of handlers involved. Estimates of US importation of Chinese steel hover between 2-4%. I found the tariff announcement today very confusing and rambling. Anyone have a better handle on the subject?