business news in context, analysis with attitude

The Associated Press reports that federal officials "are preparing to enforce an 86-year-old ban on importing goods made by children or slaves under new provisions of a law signed by President Barack Obama. There are more that 350 items that are covered under the law, including fish and shrimp from Thailand and peanuts from Turkey.

According to the story, "The Tariff Act of 1930, which gave Customs and Border Protection the authority to seize shipments where forced labor was suspected and block further imports, was last used in 2000, and has been used only 39 times all together largely because of two words: "consumptive demand" — if there was not sufficient supply to meet domestic demand, imports were allowed regardless of how they were produced. The Trade Facilitation and Trade Enforcement Act signed by Obama on Wednesday eliminated that language, allowing stiffer enforcement."
KC's View:
It is a shame that it took us 85 years to get to this point. But better late than never, I suppose.