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I recently came upon an article that stated that the "U.S. Committee on Foreign Investment approved a Chinese company's $7.1 billion buyout of Virginia pork giant Smithfield Foods. This deal has been approved by the shareholders."
According to what I read, we are supposed to be exporting pork to China as opposed to importing pork from China. Supposedly, they want to learn our technology to improve their products.
This deal is touted as opening up a new market for U.S. farmers. It seems that we have problems exporting products to China. I assume that as Smithfield is now a Chinese-owned company, these problems will dissipate. Other things I learned:
While we allow Chinese goods to freely flood our shores, China just keeps slapping new tariffs on American-made goods. According to one statistic, a Jeep Grand Cherokee that costs $27,490 in the U.S. costs about $85,000 in China due to all the tariffs.
The U.S. spends about $4 on goods and services from China for every $1 that China spends on goods and services from the U.S.
We Americans must pay attention. Search the Internet for "China taking over." Our legislators have no problems raising our taxes. Why don't we charge tariffs on imported items? Why aren't we fining countries when they send bad/substandard/dangerous products to us?
The American consumer does not have to allow China to make us sick, or buy us cheaply. We must return to our roots. We must support/purchase American-made products--especially food.
Hello, Olde Town Butcher and all the wonderful farms located in our area. Hope to see everyone at the Farmer's Market!