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House China committee targets top clothing brands in forced labor inquiry - TL;DR CNBC

House China committee targets top clothing brands in forced labor inquiry

Publishing timestamp: 2023-05-03 21:13:04


Summary

House CCP Committee leaders sent letters to major clothing companies like Nike, Shein, Temu, and Adidas about possible trade law violations, including the use of forced labor in production. The companies have been asked to respond by May 16. Lawmakers are concerned about the potential violations of the Uyghur Forced Labor Prevention Act and are urging companies to ensure they are not involved in slave labor practices. Shein and Temu are also accused of using a tariff loophole to avoid tariffs on goods sold to U.S. customers.


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Keywords: u.s. economychinagovernment and politicspoliticsunited statesbusiness newsretail industryadidas agnike incbreaking news: politicswashingtonbreaking news: businessasia economy

Source: https://www.cnbc.com/2023/05/03/house-china-committee-targets-top-clothing-brands.html


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