The $112 Billion Gap Clouding US-China Decoupling: Supply Lines

Last year, there was a record $112 billion gap between what China reported exporting to the US and what the US Customs and Border Protection agency said arrived.

That discrepancy, according to reporting this week from Bloomberg’s Laura Curtis and James Mayger, suggests that as much as a quarter of what Asia’s top economy shipped to American shores may have slipped under the tariff radar.

Among the reasons explored in the story: fraud.

US authorities are aware of suspected tariff evasion tactics, but are hamstrung by their reach and jurisdiction. Enforcement efforts are failing to keep pace, for instance, with ...