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Here’s how the trade war could lead to a boom in counterfeit goods

Booming e-commerce sales are adding to the flood of products Customs and Border Protection must monitor for potentially counterfeit items. Counterfeiters are increasingly learning how to make harder-to-spot fakes, with 3D printing and other new technology. They are also using new methods of hijacking well-known brands to get their fake products on e-commerce sites, such as Amazon. As the trade war between the U.S. and China has continued to heat up, Chinese nationals potentially could turn to a surprising way around tariffs: increasing the number of counterfeit goods, according to the Federal Bureau of Investigation. Trade groups have warned Congress that tariffs could increase costs and drain resources available to fight illicit counterfeits. They also caution that consumers may knowingly or unknowingly seek counterfeit goods as legitimate goods become more expensive. Six trade groups sent a letter to the House Ways and Means Committee with the warning in June, […]

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