Update on What China Sends to the U.S.

The U.S. steel industry has filed an anti-dumping suit against Communist China. Dumping materials at below-cost is illegal under international trade agreements. The U.S. alleges that Chinese steelmakers unfairly dumped $2.7 billion of steel onto the U.S. market last year. China continues sending us massive amounts of steel products despite the fact that, in our current recession with building construction way down, we just don't need Chinese steel. These imports significantly undersell U.S. producers and create a hugh inventory buildup in the U.S. market. China has responded with the typical epithet used by the globalists, accusing the U.S. of "protectionism." In our current economic downturn, automakers, equipment manufacturers, and commercial construction companies have severely cut the amount of steel they can buy, so American steel plants have been operating at only half their capacity. Yet, dumped and subsidized imports from China tripled from 2006 to 2008 and continue to increase.

Here's an example of another unsafe product shipped to us by Communist China. Drywall from Communist China has become the home construction scare story of this year. Unsafe Chinese drywall emitted sulfuric fumes that corroded the air conditioning coils and raised a stink. One guy in Florida had to replace his air conditioner three times in one year. No one knows how many Florida homes were built with the defective Chinese wallboard, but 100 homeowners have reported the problem to the Florida Department of Health. It was imported by the millions of pounds between 2004 and 2008 when the building boom was on. At least three class-action lawsuits have been filed in Florida, with plaintiffs alleging that the drywall fumes destroy appliances and copper wiring, and cause headaches and coughs.

Audio version of this commentary.