Benzinga
  • 2 months ago
The U.S. added two Chinese firms to its Xinjiang trade blacklist, citing forced labor accusations. The Department of Homeland Security named a steel manufacturer and an artificial sweetener maker under the Uyghur Forced Labor Prevention Act. The list now bans imports from 75 entities linked to forced labor in Xinjiang, targeting industries beyond cotton and textiles. China denies the accusations. Relations between the nations grow more tense as Beijing launches investigations into U.S. firms over "discriminatory measures" against Xinjiang-based businesses.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02The U.S. added two Chinese firms to its Xinjiang trade blacklist, citing forced labor accusations.
00:09The Department of Homeland Security named a steel manufacturer and an artificial sweetener
00:13maker under the Uyghur Forced Labor Prevention Act.
00:16The list now bans imports from 75 entities linked to forced labor in Xinjiang, targeting
00:22industries beyond cotton and textiles.
00:25China denies the accusations.
00:27Relations between the nations grow more tense as Beijing launches investigations into U.S.
00:31firms over discriminatory measures against Xinjiang-based businesses.
00:35For all things money, visit Benzinga.com.

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