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China Accuses US of Flooding Market With Cheap Products

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IRONY ALERT!
DailyFeed
China, which was the largest importer of US chicken in 2009 ($752.2 million), yesterday imposed new import duties on chicken parts and whole birds, which range from 50.3% to 105.4% and will be in place for the next five years.

The Chinese government says US producers are engaged in "dumping" which makes it difficult for China's domestic chicken industry to compete.

Jeez, I wonder what that must be like.

I'll just sit around tonight and ponder this in my $3 Chinese-made t-shirt while I watch a movie on my $20 Chinese-made DVD player after which I will clean the apartment with my $79 Chinese-made vacuum, order some $5 Chinese food from the place on the corner, then drift off to sleep on my $199 Chinese-made mattress between my $19 Chinese-made sheets.

Then, tomorrow morning, I'm going to wear my American flag lapel pin, to show everyone just how upset I am about all this.


POSITION:  No positions in stocks mentioned.
TAGS:  CHINA, CHICKEN, TRADE WAR!   

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