First Brands Faces $285.5 Million US Claim Over Alleged China Tariff Fraud

1 articles · Updated · Bloomberg · May 26

$285.5 million in claims was filed against bankrupt auto-parts maker First Brands, marking the US government as a creditor in the case.
The claim alleges the company underpaid tariffs on parts imported from China and seeks both the unpaid levies and civil penalties.
The filing adds the federal government to the list of parties seeking recovery from First Brands as its bankruptcy proceedings continue.

Did America's $35 billion auto tariff bill unintentionally fuel a massive corporate crime wave?

If US companies are liable for suppliers' fraud, is a North American supply chain the only safe choice?

With tariff evasion costing $107 billion, can US enforcement defeat sophisticated global fraud networks?