Market Chatter: US Bans Imports from 37 Chinese Firms for Uyghur Abuse Allegations

MT Newswires

The US banned imports from about 37 companies spanning the textile, mining, and solar energy sectors on allegations of abuse against the Uyghur population in western China, Reuters reported Tuesday.

Huafu Fashion and 25 of its subsidiaries were among those targeted due to forced-labor allegations, the report said.

Nasdaq-listed Donghai JA Solar and Hongyuan Green Energy , which sources polysilicon from the Xinjiang Uyghur region, as well as Zijin Mining were also part of the ban, the report said.

Following the additions, there are now 144 companies facing sanctions following the signing of the Uyghur Forced Labor Prevention Act in 2021, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data

Market Chatter: US Bans Imports from 37 Chinese Firms for Uyghur Abuse Allegations

Risk Disclosure