Counterfeit
Counterfeiting is the unauthorized production, distribution, or sale of goods bearing trademarks or designs that imitate authentic products, with the intent to deceive consumers into believing they are genuine.[1] This practice infringes intellectual property rights and spans diverse categories, including consumer goods, pharmaceuticals, automotive parts, electronics, and official documents such as passports or currency.[2] Globally, trade in counterfeit and pirated goods reached approximately USD 467 billion in recent estimates, accounting for up to 2.5% of world trade and posing substantial economic burdens through lost revenues, reduced innovation incentives, and job displacements for legitimate manufacturers.[3][4] Counterfeit products often originate from regions with lax enforcement, such as China, which remains the predominant source.[5] Beyond financial impacts, these fakes introduce health and safety hazards; for instance, counterfeit medicines may lack active ingredients, contain toxic substances like mercury or arsenic, or be produced under unsanitary conditions, leading to treatment failures, allergic reactions, or fatalities.[6][7] Similarly, fake automotive parts and electronics can fail catastrophically, endangering users.[8] Enforcement efforts by agencies like U.S. Customs and Border Protection involve seizures and authenticity checks to mitigate these risks, though the illicit trade's scale underscores ongoing challenges in global supply chains.[9]