logo
BYD faces $45m lawsuit in Brazil over labour rights

BYD faces $45m lawsuit in Brazil over labour rights

Yahoo28-05-2025
Brazilian labour prosecutors have initiated legal action against Chinese carmaker BYD, accusing the company and its contractors of human trafficking and exposing workers to "slavery-like conditions" in the construction of a factory.
BYD, along with contractors JinJiang and Tecmonta, faces a lawsuit seeking 257 million reais ($45m) in moral damages, with additional individual compensation for the workers.
The lawsuit also aims to enforce labour regulations and suggests fines of 50,000 reais per infraction, multiplied by the number of workers affected.
In their defence, BYD has stated its commitment to human rights and adherence to Brazilian and international labour laws.
The company has been in discussions with labour prosecutors and intends to formally respond to the allegations through court documents.
The labour prosecutors' office revealed that in December 2024, 220 Chinese workers employed by BYD contractors in Bahia, Brazil, were discovered working under conditions likened to modern slavery.
These workers, who have since returned to China, were also deemed victims of international human trafficking.
Deputy labour prosecutor Fabio Leal mentioned that negotiations with the three companies started in late December but did not lead to a resolution.
Leal emphasised that the workers were brought to Brazil under false pretences and were not provided with the promised working conditions.
Leal further explained that any compensation awarded from the lawsuit would be distributed to the workers in China, with the responsibility of proving payment resting on the Brazilian companies.
He also noted that while a settlement is still an option, it would now require court mediation.
Leal stated: "Our lawsuit is very well-founded, with a substantial amount of evidence provided during the investigation process."
"BYD faces $45m lawsuit in Brazil over labour rights" was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil Prices Caught Between a $70 Summer and Growing Surplus Fears
Oil Prices Caught Between a $70 Summer and Growing Surplus Fears

Yahoo

time31 minutes ago

  • Yahoo

Oil Prices Caught Between a $70 Summer and Growing Surplus Fears

(Bloomberg) -- Oil traders are grappling with a tension — there's a growing chorus of warnings about the market weakening later this year and into 2026, but for now prices are holding strong near $70 a barrel. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy France's TotalEnergies SE last week warned the market is facing abundant supply as the OPEC+ group unwinds output curbs, even as slowing global growth weighs on demand. Norway's Equinor ASA said its new Johan Castberg field is operating at full pelt, with a Brazilian offshore asset starting soon, a reminder of additional barrels expected from outside the producer group. Both the International Energy Agency and the US Energy Information Administration earlier this month bolstered their estimates for the surplus they see next year. The two widely-followed forecasters expect supply to eclipse demand by the most since the pandemic, with the IEA's projection at 2 million barrels a day. A surplus that pushes prices lower will help tame inflation, hurt high-cost producers and likely please US President Donald Trump who has called for lower prices since taking office. It's a stark contrast with the here and now, where inventories at key storage hubs remain low, reflected in a bullish market structure that indicates tight supplies. Profits from turning crude into fuels are also far above seasonal norms, underpinning demand for crude. 'One of the issues that has been supporting oil has been the seasonal strength of the summer months,' Francisco Blanch, head of commodities and derivatives research at Bank of America Corp. said in a Bloomberg TV interview. 'Second half of the year the surplus is going to be close to 200 million barrels,' which will ultimately weigh on prices, he added. While most of the IEA's revision of next year's outlook centered on output additions by the Organization of the Petroleum Exporting Countries and its allies, who will meet to discuss output levels in early August, there were also some less obvious drivers. Forecasts for the supply of biofuels, which compete with conventional oil, are about 200,000 barrels a day higher than two months ago in the agency's estimates. The US government now sees global oil supplies about 2.1 million barrels a day higher in the fourth quarter of this year than the first, the biggest increase it has seen over the period since February. The two bodies' forecasts constitute an important element in traders' evaluations of how the market will unfold. For now, signs of robust demand remain. Leading oil trader Vitol Group said last week that jet fuel demand has been steadily climbing, with flight numbers reaching all-time highs. US weekly oil-demand figures are the highest this year. That data has been revised higher in final monthly readings for four of the last five periods where complete figures are available. And while the global trade war offers reason to be concerned about consumption, historically demand estimates have tended to be revised higher too, suggesting that the currently-expected surplus could narrow. From 2012 to 2024, the IEA's demand forecasts have ended up being on average close to 500,000 barrels a day higher than when the estimate was first issued, as more data became available. That excludes 2020, when the global pandemic transformed consumption patterns. Still, once the summer's strength wanes, a global surplus is likely to emerge, according to Natasha Kaneva, JPMorgan Chase & Co.'s head of global commodities strategy. 'Supply is increasing,' Kaneva said in a Bloomberg TV interview. 'At some point this inventory build will start showing up in visible inventories in OECD countries like the United States. At the moment it's not priced in.' --With assistance from Julian Lee, Grant Smith, Kari Lundgren, Lisa Abramowicz, Scarlet Fu and Romaine Bostick. Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P.

Açaí prices set to rise as US imposes 50% tariff on imports
Açaí prices set to rise as US imposes 50% tariff on imports

New York Post

time41 minutes ago

  • New York Post

Açaí prices set to rise as US imposes 50% tariff on imports

Bowls and smoothies made of the Amazon berry açaí have become ubiquitous in many cities across the US, but consumers may think twice about shelling out after Friday when a 50% tariff on imports from Brazil kicks in. Nearly all of the açaí pulp sold in the U.S., as well as in Europe and Asia, where people have also developed a taste for the tangy fruit, comes from Brazil. If no trade deal is reached between the Trump administration and the Brazilian government, the bowls could cost significantly more at hundreds of shops from New York to Los Angeles. Advertisement 4 A 50% tariff on açaí imports will kick in on Friday. New Africa – 'People already complain a bit about the price. If it gets more expensive, I guess it will become more of a luxury thing,' said Ashley Ibarra, who manages a Midtown Manhattan store owned by Playa Bowls LLC, a New Jersey-based company with around 300 shops in the U.S. With toppings like banana and granola, a bowl of açaí costs around $18 at Playa Bowls in New York. Competitor Oakberry Inc., the world's largest açaí chain with 700 stores in 35 countries, sells a smaller portion at a nearby Manhattan store for $13. Advertisement Playa Bowls declined to comment on the tariffs, and Oakberry did not respond to a request for comment. Açaí companies tout the product as an energy booster, a powerful antioxidant and a source of Omega-3 and other nutrients. The Food and Drug Administration said more research is needed to evaluate its possible health benefits. 'A friend introduced me to it one day, and I loved it, so I occasionally buy it,' said Milan Shek, 50, who was having an açaí bowl mixed with cereals and fresh fruits one recent afternoon in New York. Advertisement With a large markup, he said he would probably eat it less often. 4 A Playa Bowls location in New Orleans. William A. Morgan – Brazil's production and exports of açaí have skyrocketed in recent years. The berry went from being a local delicacy in small towns in the state of Para where it is mostly grown, to a widely popular treat across Brazil. Soon, exports began to be sent to other countries. Advertisement Production increased from around 150,000 metric tons 10 years ago to nearly 2 million tons last year, according to data from Brazil's statistics agency IBGE and the governments of Para and Amazonas. The U.S. is the largest foreign buyer, followed by Europe and Japan. 4 Açai production was 2 million tons last year, up from 150,000 tons 10 years ago. Imago Photo – Nazareno Alves da Silva, head of the Amazon Açaí Producers Association in Para, said companies were calculating how to absorb such a large cost increase in order to continue exports to the U.S. He wasn't optimistic. 'Right now, we still don't know how to do it. The numbers don't match,' he said. The trade would get too expensive for many U.S. importers, while Brazilian producers would be unable to cut prices enough to accommodate the tariff, he said, adding that producers would likely have to find other markets. 4 A smoothie made of açaí and other fruits. REUTERS Even those without an açaí habit are likely to feel the pinch of the Trump administration's tariffs on Brazil. Advertisement The South American country supplies about a third of the coffee consumed in the U.S., as well as orange juice and beef.

U.S. and China to resume tariff talks on Monday in effort to extend truce
U.S. and China to resume tariff talks on Monday in effort to extend truce

CNBC

time42 minutes ago

  • CNBC

U.S. and China to resume tariff talks on Monday in effort to extend truce

Senior U.S. and Chinese negotiators meet in Stockholm on Monday to tackle longstanding economic disputes at the center of the countries' trade war, aiming to extend a truce keeping sharply higher tariffs at bay. China is facing an Aug. 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached a preliminary deal in June to end weeks of escalating tit-for-tat tariffs. Without an agreement, global supply chains could face renewed turmoil from duties exceeding 100%. The Stockholm talks, led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, take place a day after European Commission President Ursula von der Leyen met Trump at his golf course in Scotland to clinch a deal that would see a 15% baseline tariff on most EU goods. Trade analysts on both sides of the Pacific say the discussions in the Swedish capital are unlikely to produce any breakthroughs but could prevent further escalation and help create conditions for Trump and Chinese President Xi Jinping to meet later this year. Previous U.S.-China trade talks in Geneva and London in May and June focused on bringing U.S. and Chinese retaliatory tariffs down from triple-digit levels and restoring the flow of rare earth minerals halted by China and Nvidia H20 AI chips and other goods halted by the United States. So far, the talks have not delved into broader economic issues. They include U.S. complaints that China's state-led, export-driven model is flooding world markets with cheap goods, and Beijing's complaints that U.S. national security export controls on tech goods seek to stunt Chinese growth. "Stockholm will be the first meaningful round of U.S.-China trade talks," said Bo Zhengyuan, Shanghai-based partner at China consultancy firm Plenum. Trump has been successful in pressuring some other trading partners, including Japan, Vietnam and the Philippines, into preliminary deals accepting higher U.S. tariffs of 15% to 20%. Analysts say the U.S.-China negotiations are far more complex and will require more time. China's grip on the global market for rare earth minerals and magnets, used in everything from military hardware to car windshield wiper motors, has proved to be an effective leverage point on U.S. industries. In the background of the talks is speculation about a possible meeting between Trump and Xi in late October. Trump has said he will decide soon whether to visit China in a landmark trip to address trade and security tensions. A new flare-up of tariffs and export controls would likely derail any plans for a meeting with Xi. "The Stockholm meeting is an opportunity to start laying the groundwork for a Trump visit to China," said Wendy Cutler, vice president at the Asia Society Policy Institute. Bessent has already said he wants to work out an extension of the Aug. 12 deadline to prevent tariffs snapping back to 145% on the U.S. side and 125% on the Chinese side. Still, China is likely to request a reduction of the multi-layered U.S. tariffs, which total 55% on most goods, and further easing of U.S. high-tech export controls, analysts said. Beijing has argued that such purchases would help reduce the U.S. trade deficit with China, which reached $295.5 billion in 2024. China is currently facing a 20% tariff related to the U.S. fentanyl crisis, a 10% reciprocal tariff, and 25% duties on most industrial goods imposed during Trump's first term. Bessent has also said he would discuss the need for China to rebalance its economy away from exports toward domestic consumer demand. The shift would require China to put an end to a protracted property crisis and boost social safety nets to encourage household spending. Michael Froman, a former U.S. trade representative during former President Barack Obama's administration, said such a shift has been a goal of U.S. policymakers for two decades. "Can we effectively use tariffs to get China to fundamentally change their economic strategy? That remains to be seen," said Froman, now president of the Council on Foreign Relations think-tank.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store