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Market
Global cotton market prices change by end of 2024 due to US block?
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Resolution / Starting Odds
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Global commodity market reports and economic analysis
Story
US Blocks Imports from 26 Chinese Cotton Companies Over Forced Labor Concerns
May 16, 2024, 01:05 PM
The United States has blocked imports from 26 Chinese cotton companies over concerns of forced labor. This action, reported by the Wall Street Journal, targets cotton traders and warehouse facilities allegedly linked to forced Uyghur labor. The move is part of the Uyghur Forced Labor Prevention Act, which aims to restrict imports tied to what the US characterizes as an ongoing genocide of minorities in the Xinjiang region. Additionally, the Biden administration has taken steps to enforce this ban.
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