Vietnam to Punish Firms for Trade Fraud in China-Product Probe

Vietnam will punish four companies for fraudulent labels on products from China that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass U.S. tariffs.

The unidentified companies, which assemble bicycles, electric bikes and wooden shelves, admitted to the violations, according to a government statement. Vietnam’s customs department is also investigating possible violations by five other firms, and expanding the probe into other products such as solar energy batteries and LED lights.