Anabelle Colaco
21 May 2026, 01:09 GMT+10
WASHINGTON, D.C.: The United States is investigating whether Chinese companies deliberately reduced global production of shipping containers just before the COVID-19 pandemic began in 2020, CBS reported on May 19, citing sources familiar with the matter.
According to the report, several Chinese executives have been indicted, and the formal indictments were expected to be unsealed on May 19.
The investigation is focused on a small group of Chinese companies that together control most of the world's production of unrefrigerated shipping containers, CBS said.
Shipping containers are essential to global trade, and shortages during the pandemic contributed to supply chain disruptions and higher transportation costs worldwide.
Neither the U.S. Department of Justice nor the companies involved immediately commented on the report.
The investigation comes amid continued trade tensions between Washington and Beijing.
President Donald Trump visited China last week, but the trip produced no breakthroughs on trade issues between the world's two largest economies.
Get a daily dose of Tuscaloosa Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tuscaloosa Times.
More InformationWASHINGTON, D.C.: The United States is investigating whether Chinese companies deliberately reduced global production of shipping containers...
HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...
OAKLAND, California: OpenAI has emerged victorious in its closely watched courtroom battle with Elon Musk, preserving its path toward...
NEW YORK, New York - U.S. and global stock markets closed with a broad selloff on Tuesday, driven by heavy losses in technology shares...
NEW YORK CITY, New York: NextEra Energy has agreed to acquire Dominion Energy in an all-stock deal valued at about US$66.8 billion,...
AUSTIN, Texas: Tesla has increased the prices of several Model Y vehicles in the United States, marking the first price hike for the...
(Photo credit: Jake Crandall / USA TODAY NETWORK via Imagn Images) Former Auburn football coach and current U.S. Sen. Tommy Tuberville...
(Photo credit: Kirby Lee-Imagn Images) The NAACP is calling for Black athletes, alumni and fans to withhold athletic and financial...
(Photo credit: Dale Zanine-Imagn Images) United States attacking midfielder Brenden Aaronson came away with left leg injury while...
Thousands of protesters filled the streets of Selma and Montgomery on Saturday to oppose Alabama’s last-minute redistricting effort,...
On this episode of the Twentyman in the Huddle podcast presented by CoPilot+ PC, Tim Twentyman is joined by the Detroit Lions' 2026...
Alabama coaches believe that Jam Millers best football is still ahead of him, while his special teams prowess could help him find an...
