US Customs Bar Giant Bicycles Imports over Forced Labor Allegations
In a significant move, the Trump administration has barred imports of bicycles manufactured by the Taiwanese company Giant, citing allegations of forced labor. This decision has led to U.S. Customs and Border Protection issuing a withhold release order against all shipments of Giant bicycles and parts, causing concern among importers about potential delays. Giant has expressed intentions to revoke the import ban, but the situation is compounded by a decline in their stock value following the announcement. Labor groups in Taiwan are responding to the allegations, while the world’s largest bicycle manufacturer warns of further complications with import logistics due to the unexpected customs ban.
The New York Times, CNN, Escape Collective, Bicycle Retailer & Industry News, Bloomberg.com, BikeRadar, Taiwan News, MLex, Nikkei Asia, Berawang News