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US Gov't Issues Warning Against Xinjiang Products In US Supply Chains

US-CHINA

A number of US gov't departments (the US Department of State, the US Department of the Treasury, the US Department of Commerce, the US Department of Homeland Security, the Office of the US Trade Representative, and the US Department of Labor) have released an updated joint advisory document issuing warnings to US firms to be wary that "businesses and individuals that do not exit supply chains, ventures, and/or investments connected to Xinjiang could run a high risk of violating U.S. law".

  • The report highlights "Agriculture, Cell Phones, Cleaning Supplies, Construction, Cotton, [...] Electronics Assembly, Extractives, Fake hair and human hair wigs, hair accessories, Food processing factories, Footwear, Gloves, Hospitality Services, Metallurgical grade silicon, Noodles, Printing Products, Renewable Energy, Stevia, Sugar Textiles, Toys" as sectors that may use forced labour, and as such are under close US scrutiny.
  • In response to the blacklisting of Xinjiang based companies by Washington, D.C., Beijing stated on 11 July that it would "take necessary measures to firmly safeguard Chinese companies' legitimate rights and interests".
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EM BulletHomepagemarkets-real-timeChina Market NewsPolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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