NEWS ITEM: US Crackdown on Forced Labor in China Risks Further Supply Chaos (Starts June-21-2022)

[Steve_S]

I am posting this in General, move if needed as "technically" this is not directly "Solar Related" but will affect Solar Componentry as well.
While this may not concern some, this is essentially a Heads Up for many others.

US Crackdown on Forced Labor in China Risks Further Supply Chaos​

Article Link on Yahoo Finance as Bloomberg may be blocked for some.

US Crackdown on Forced Labor in China Risks Further Supply Chaos

(Bloomberg) -- Pandemic and war have upended American supply chains. The next shock may come from the US campaign against human-rights abuses in China.Most Read from BloombergRussia Hits Kyiv With Missiles; Putin Warns West on ArmsWhy Peak Inflation Is Near, According to Experts Who Bet on...

finance.yahoo.com

Jennifer A. Dlouhy and Jenny Leonard
Fri, June 3, 2022, 11:24 AM·7 min read

Brief View, see the Article for more detail.

(Bloomberg) -- Pandemic and war have upended American supply chains. The next shock may come from the US campaign against human-rights abuses in China.
A law due to take effect June 21 will bar imported goods partly or wholly made in the Chinese manufacturing hub of Xinjiang -- unless companies can prove the products have no ties to forced labor. Passed unanimously by Congress, and with strong support from unions and activists, it aims to make sure that there’s no place in the US economy for merchandise made by workers languishing in detention camps.

Unusually, with the deadline less than three weeks away, the US government isn’t giving business much of a heads-up about how the measure will be enforced. At a Customs briefing on Wednesday, the message was essentially: Wait and see. That means nobody really knows how big a chunk of America’s $500 billion-plus in annual imports from China could get ensnared.

That question has been the subject of a concerted behind-the-scenes campaign by corporate lobbyists and fierce internal debates within President Joe Biden’s administration -- because there’s a huge amount riding on the answer.

More Price Hikes?