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US charges seven Chinese executives and four firms with illegal shipping container cartel

May 19 (Reuters) - The United States has charged seven Chinese executives and four of the world's largest shipping container companies with conspiring to restrict supply, raising the price of containers during the COVID pandemic, Department of Justice officials said on Tuesday.

Reuters
By Reuters
19 May
A reach stacker transfers a loaded shipping container onto the rail line during cargo handling operations at the EIT Freight Village. (Photo: EIT Freight Village at Estcourt) A reach stacker transfers a loaded shipping container onto the rail line during cargo handling operations at the EIT Freight Village. (Photo: EIT Freight Village at Estcourt)


The indictments were expected to be unsealed on Tuesday.

U.S. President Donald Trump paid an official visit to China last week that produced no major breakthroughs on trade.

(Reporting by David Ljunggren in Washington and Jody Godoy in New York; Editing by Caitlin Webber)

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