UPDATE 2-U.S. lawmakers seek to tighten ban on forced-labor goods from China's Xinjiang [Reuters]
Costco Wholesale Corporation (COST)
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Source: Reuters
U.S. lawmakers seek to tighten ban on forced-labor goods from China's Xinjiang WASHINGTON (Reuters) - Leading U.S. lawmakers proposed legislation on Wednesday aimed at preventing goods made from forced labor in China’s Xinjiang region from reaching the United States. The legislation would require importers to obtain certification from the U.S. government that goods were not produced using forced labor by minority Uighur Muslims in Xinjiang. The heart of the proposed Uyghur Forced Labor Prevention Act is a “rebuttable presumption” that assumes that all goods manufactured in Xinjiang are made with forced labor and therefore banned under the 1930 Tariff Act, unless the commissioner of U.S. Customs and Border Protection certifies otherwise. This would shift the burden of proof from the current rule, which bans goods if there is reasonable evidence of forced labor. The bill also calls for the U.S. president to impose sanctions on “any foreign person who ‘knowingly engages’” in forced labor
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