Citigroup Says To Short Oil After Summer Is Over

The U.S. government is scrutinizing Chinese electric-vehicle battery and car parts supply chains for possible links to forced labor. Under the newly enacted Uyghur Forced Labor Prevention Act (UFLPA), the U.S. has banned the importation of goods made in Xinjiang, China, where the U.S. believes Chinese authorities have set up labor camps for Uyghurs and other Muslim minority groups.

This could signal difficult times ahead for EV makers, who might be required to provide solid proof that their supply chains are free of any form of forced labor. In…