A major American brand’s refusal to do business in a Chinese region known for slave labor is drawing retaliation from Beijing.
Under U.S. federal law, PVH — an American company with brands including Calvin Klein and Tommy Hilfiger in its portfolio — cannot do business in the Xinjiang province of China, as the region is infamous for slave labor, internment camps for religious minorities and various human rights abuses. The U.S. law applies to all American companies, but China has opened an investigation into PVH that has raised concerns Beijing intends to retaliate against foreign firms who won’t do business in Xinjiang, according to The New York Times.
“Since this investigation is the first of its kind, companies in all sectors have been forced to reassess what it means for them,” Sean Stein, the chairman of the American Chamber of Commerce in China, told the Times. “Many are seeing higher risk.”
The Chinese Ministry of Commerce said last week that it had opened an investigation into PVH over allegations that the company was taking “discriminatory measures” against products made in Xinjiang, the Times reported. In Beijing’s view, Xinjiang is crucial to domestic and foreign business; roughly 85% of China’s cotton is produced in Xinjiang, and other products such as batteries, solar parts and textiles are developed in the province as well, according to the Department of Labor. […]
— Read More: dailycallernewsfoundation.org
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
