Seizures of counterfeit products at U.S. borders have increased 10-fold over the past two decades as e-commerce sales have boomed. The total value of seized goods - if they had been real - reached nearly $1.4 billion in 2018. Most are coming from mainland China or Hong Kong.
CNBC visited one of the busiest entry points in the U.S. to get a glimpse at the influx of fake products and to find out what authorities and companies are doing to stop counterfeiting.
» Subscribe to CNBC:
» Subscribe to CNBC TV:
» Subscribe to CNBC Classic:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
Why Amazon Has So Many Counterfeit Goods
CNBC,business,news,finance stock,stock market,news channel,news station,breaking news,us news,world news,cable,cable news,finance news,money,money tips,financial news,Stock market news,stocks,amazon waste,amazon returns,retail waste,true cost of fast fashion,amazon counterfeit goods,business news,president trump trade war,trump cnbc,cnbc trade war,trade war impact on me,tariffs,trump tariffs,us china trade war,china trade war,
0 Comments