Companies and earnings briefing: ‘India on our radar’: Trump aide Peter Navarro’s big remark after White

Companies and earnings briefing: 'India on our radar': Trump aide Peter Navarro's big remark after White

White House advisor Peter Navarro, who is infamous for his anti-India rhetoric in the past over trade issues, has made yet another remark, this time with reference to a US report naming India as part of a “shadow trans-shipment network” that helps Chinese goods evade tariffs.

The countries that comprise China’s Shadow Transshipment Network include many of America’s largest trading partners, ranging from Mexico and Canada on US land borders to the European Union, India, Japan, and South Korea. The report identifies about 40 countries, including India, that have an elevated risk of being sources of illegal transshipments of goods, many of which are linked to minimally processing, relabeling and repackaging of Chinese-origin components, Reuters reported.

“For years, the great transshipment scam has let Communist China launder its exports through more than 40 countries,” Navarro was quoted as saying by news agency PTI .