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Market
Will prices of cotton-based products in the U.S. increase by the end of 2024 due to import blocks?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
U.S. Bureau of Labor Statistics or major market research reports
Story
U.S. Blocks Imports from 26 Chinese Cotton Traders Over Forced Labor Concerns
May 16, 2024, 12:10 PM
The United States has blocked imports from 26 Chinese companies, including cotton traders, textile companies, and warehouse facilities, over concerns of forced labor involving Uyghur minorities. This move, reported by WSJ, is part of a broader U.S. crackdown on goods tied to forced labor, as outlined in the Uyghur Forced Labor Prevention Act. The decision aims to prevent goods made with forced labor from entering the U.S. market, reflecting ongoing efforts to address human rights abuses in supply chains.
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