Williams-Sonoma fined $3M for claiming Chinese goods were ‘Made in U.S.A.’

Williams-Sonoma (NYSE:WSM) must pay a penalty of $3M for passing off Chinese-made products as made in the U.S. violating a Federal Trade Commission administrative rule. The FTC's "Made in the U.S.A." standard requires that a product advertised as such must be "all or virtually all" made in the U.S., prohibiting any product with a significant component of imported content to carry that label. "Williams-Sonoma claimed its products were made in the United States even though they were made in China," said FTC Chair Lina Khan, adding that their deception "misled consumers and harmed honest American businesses." The products were marketed…