• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
Biden Administration Adds 37 Chinese Companies to Forced Labor List

Biden Administration Adds 37 Chinese Companies to Forced Labor List

January 14, 2025
Why betting on XRP’s 2017 bull run could be extremely risky in 2025

Why betting on XRP’s 2017 bull run could be extremely risky in 2025

September 4, 2025
Stocks making the biggest moves premarket: CRM, AEO, HPE

Stocks making the biggest moves premarket: CRM, AEO, HPE

September 4, 2025
The quest to keep OpenAI honest

The quest to keep OpenAI honest

September 4, 2025
Valetax Shines as Diamond Sponsor at Money Expo Mumbai 2025, Winning Key Award

Valetax Shines as Diamond Sponsor at Money Expo Mumbai 2025, Winning Key Award

September 4, 2025
Sit Out a Bearish September? One Indicator Says “Not This Time”

Sit Out a Bearish September? One Indicator Says “Not This Time”

September 4, 2025
Ifo institute slashes German economic growth forecasts in latest outlook update

Ifo institute slashes German economic growth forecasts in latest outlook update

September 4, 2025
Bitcoin ETFs See Inflows as Ether ETFs Drop

Bitcoin ETFs See Inflows as Ether ETFs Drop

September 4, 2025
Etherealize Raises $40M to Market Ethereum to Finance Firms

Etherealize Raises $40M to Market Ethereum to Finance Firms

September 4, 2025
How I Created a Life That Doesn’t Revolve Around Work

How I Created a Life That Doesn’t Revolve Around Work

September 4, 2025
My favorite E Ink tablet just got an ultraportable successor – with upgrades in several ways

My favorite E Ink tablet just got an ultraportable successor – with upgrades in several ways

September 4, 2025
My 5 simple tricks to extend iPhone battery life when traveling (including older models)

My 5 simple tricks to extend iPhone battery life when traveling (including older models)

September 4, 2025
Soft Manager – Trading Ideas – 5 August 2025

The Bank of England is preparing rules for stablecoins – Banks – 3 September 2025

September 4, 2025
Thursday, September 4, 2025
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Market Updates

Biden Administration Adds 37 Chinese Companies to Forced Labor List

by Investor News Today
January 14, 2025
in Market Updates
0
Biden Administration Adds 37 Chinese Companies to Forced Labor List
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


The Biden administration stated on Tuesday that it might block imports from greater than three dozen Chinese language firms, citing their alleged ties to compelled labor within the Xinjiang area of China.

The administration’s transfer is the one largest batch of additives to a listing of firms which can be barred from bringing merchandise into the USA due to considerations about human rights violations.

The motion was taken underneath a 2021 law, the Uyghur Compelled Labor Prevention Act, which prevents the USA from importing merchandise which can be made in complete or partly in Xinjiang, a far-western area of China the place the federal government has detained and surveilled massive numbers of minorities, together with Uyghurs.

China denies the presence of compelled labor in Xinjiang, however the U.S. authorities has stated the Chinese language authorities makes use of compelled labor, mass detentions and different coercive practices to subdue the area’s predominantly Muslim ethnic teams, significantly the Uyghurs.

The 37 entities that have been added on Tuesday to a particular record created by the legislation embody subsidiaries of a serious provider of important minerals, Zijin Mining. The New York Instances reported in 2022 that Zijin Mining had hyperlinks with labor switch applications in Xinjiang.

The additions additionally embody one of many world’s largest textile producers, Huafu Vogue, and 25 of its subsidiaries. It’s not clear which retailers Huafu at the moment provides, however H&M previously said that it had an oblique relationship with a mill belonging to Huafu Vogue and that it might minimize these ties.

Corporations in actual property, mining, photo voltaic and cotton manufacturing have been additionally added to the record. Altogether, they convey the record to 144 entities.

The Biden administration sees the 2021 Uyghur compelled labor legislation as an vital a part of its legacy in countering unfair commerce practices and discouraging sure problematic commerce with China. For the reason that legislation went into impact, different governments, together with in Europe and Canada, have taken steps to halt imports of products made with compelled labor, together with merchandise from Xinjiang.

Alejandro N. Mayorkas, the homeland safety secretary, stated that the additions display the administration’s “relentless struggle in opposition to the cruelty of compelled labor, our unwavering dedication to primary human rights, and our tireless protection of a free, honest, and aggressive market.”

It’s not clear what method the Trump administration will take towards implementing the legislation. However the legislation handed with bipartisan assist, and Senator Marco Rubio, the Florida Republican whom President-elect Donald J. Trump has chosen to be his secretary of state, was its major creator. Mr. Rubio has been a robust proponent of severing provide chains that contain compelled labor in China.

A Homeland Safety official stated the Biden administration had arrange a strong pipeline of firms it was investigating and researching that the Trump administration may pursue.

Xinjiang produces important quantities of the world’s cotton, tomatoes and polysilicon, which is utilized in photo voltaic panels and semiconductors. In recent times, firms making flooring, cars, electronics and seafood have all found that they have been sourcing merchandise, elements or uncooked supplies from Xinjiang.

Corporations have more and more attracted censure in the USA for ties to Xinjiang, however they’ve additionally been topic to backlash in China when selecting to sever these ties.

Late final 12 months, the Chinese language authorities said it was investigating PVH, the company mum or dad of the Calvin Klein and Tommy Hilfiger manufacturers, for allegedly taking “discriminatory measures” in opposition to merchandise from Xinjiang. H&M and Nike have additionally confronted criticism from shoppers in China for breaking their ties.



Source link

Tags: AddsadministrationBidenChinesecompaniesforcedLaborlist
Share196Tweet123
Previous Post

Could EU methane rules threaten energy security?

Next Post

9 Passive Income Ideas for Stay-at-Home Parents

Investor News Today

Investor News Today

Next Post
9 Passive Income Ideas for Stay-at-Home Parents

9 Passive Income Ideas for Stay-at-Home Parents

  • Trending
  • Comments
  • Latest
The human harbor: Navigating identity and meaning in the AI age

The human harbor: Navigating identity and meaning in the AI age

July 14, 2025
Private equity groups prepare to offload Ensemble Health for up to $12bn

Private equity groups prepare to offload Ensemble Health for up to $12bn

May 16, 2025
Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

Equinor scales back renewables push 7 years after ditching ‘oil’ from its name

February 5, 2025
Niels Troost has a staggering story to tell about how he got sanctioned

Niels Troost has a staggering story to tell about how he got sanctioned

December 14, 2024
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
Why betting on XRP’s 2017 bull run could be extremely risky in 2025

Why betting on XRP’s 2017 bull run could be extremely risky in 2025

September 4, 2025
Stocks making the biggest moves premarket: CRM, AEO, HPE

Stocks making the biggest moves premarket: CRM, AEO, HPE

September 4, 2025
The quest to keep OpenAI honest

The quest to keep OpenAI honest

September 4, 2025
Valetax Shines as Diamond Sponsor at Money Expo Mumbai 2025, Winning Key Award

Valetax Shines as Diamond Sponsor at Money Expo Mumbai 2025, Winning Key Award

September 4, 2025

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today