Explainer: How Secret Chinese Networks Move Billions Through US Banks

Date:

|

Updated:

For years, the Chinese communist regime has been accused of fueling the fentanyl epidemic in the United States, a claim that gained renewed attention when President Donald Trump imposed tariffs on goods from China as well as Mexico and Canada, citing their role in the drug crisis.

Most fentanyl entering the United States is produced in Mexico using chemical precursors imported from China. According to a February White House press release, the Chinese Communist Party (CCP) actively supports these operations through tax rebates and grants, and holds stakes in companies involved in trafficking fentanyl and its precursors.

spot_imgspot_imgspot_img

Share post:

More like this
Related

US, Uzbekistan Launch Joint Investment Platform With an Eye on China

(L–R) U.S. International Development Finance Corporation CEO Ben Black,...

Xi Jinping Tightens Loyalty Screen as CCP Prepares for Its 21St National Congress: Insiders

Security stand at the entrance before the closing session...

Chinas State Firms Dump Renewable Energy Assets as Industry Overcapacity Deepens

The police learned about the operation of the plant...

Analysts Warn Chinas Offshore-Trading Crackdown May Push Investors to Other Routes

Traders at a brokerage in Hong Kong in a...