US Customs Fraud and Foreign Company Import Loopholes

Flexport CEO @typesfast: There's been an explosion in customs fraud since Liberation Day "The way it works: the US is the only country that allows foreign companies to import goods into the country, with no legal entity, no requirement to have an employee locally." "You can just import stuff into the country as a foreign company. And then you just lie on your declarations." "These companies just cheat and there's basically no consequence." From his October 2025 appearance on TBPN.