China Sanctions Calvin Klein Owner Over Xinjiang Cotton Boycott
China Sanctions Calvin Klein Owner Over Xinjiang Cotton Boycott
Beijing says it's investigating fashion retailer PVH Corp, the owner of Calvin Klein and Tommy Hilfiger, for refusing to source cotton from the Xinjiang region, in a move that could lead to sanctions on an American company with major business interests in China.
Tuesday’s announcement from the Commerce Ministry came a day after the Biden administration proposed a possible ban on the sale or import of smart vehicles in the United States that use specific Chinese or Russian technology because of national security concerns. The ministry stated that New York-based PVH is suspected of violating market transaction principles by boycotting cotton sourced from China’s far western region of Xinjiang. It could be sanctioned by being placed on the country’s so-called unreliable entities list, which would bar the firm from doing business in China.
Currently, five American companies are on this list, first announced in 2019, none actively engaged in significant business in China. Their presence on the list prohibits them from importing, exporting, and investing in China.
In a statement sent to CNN, PVH asserted it
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