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Stock impact report

China is destroying imports that say 'Made in Taiwan' as part of its massive political crackdown [The Business Insider]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
China is destroying imports that say 'Made in Taiwan' as part of its massive political crackdown VCG/VCG via Getty Images China has been destroying imports from Taiwan, reports Taipei Times . Destroyed stock ran afoul of authorities for not specifying Taiwan is a region of China on country-of-origin labels. According to Taipei Times, several food shipments were destroyed last year for failing to use "Produced in Taiwan Area" or "Produced in Taiwan Area, China." The use of the word "area" appears to be crucial to this rule because products that used the phrase "Chinese Taiwan" were destroyed. The leader of a Taiwanese trade and export association, Lu Ming-yen, told Taipei Times he was aware of three such instances, which would have cost businesses more than $100,000 for each destroyed shipment. The news comes days after China began pressuring international corporations, including Zara, Marriott, and Delta Air Lines , to fix references to the country of Taiwan on their websites. Show less Read more
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