Counterfeit products injure consumers, harm U.S. businesses and line the pockets of criminals. Through the U.S. Department of Homeland Security and U.S. Customs and Border Protection (CBP), the United States recently announced a major initiative to crack down on counterfeiting, a half trillion dollar a year industry, most of which originates overseas. Today, Americans need to be wary of counterfeit car brakes and airbags, medicines, cosmetics, food and iPhone adapters. “If it is being produced it is being counterfeited,” says CBP’s Acting Commissioner Mark Morgan. Lexington Institute’s Paul Steidler has written a commentary for InsideSources about this topic here.
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