For years we’ve imported toxic and poisonous and toxic products from China: food for humans and our pets; toys for children; drywall. It’s time to add another product to that list: laminate flooring. Lumber Liquidators has been selling laminated floors from China that contain dangerous levels of formaldehyde. Formaldehyde causes cancer, skin issues, and breathing problems. In fact, the U.S. National Toxicology Program has classified formaldehyde as a human carcinogen. Americans are asking, why are we still importing products from China when they are notorious for lower safety standards and using illegal chemicals?
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The United States is facing an economic disaster only a few nations have ever experienced. A silent economic war has been declared on America, a war that has destroyed a major part of our economy. Most Americans are unaware of this war. We have opened our shores and our markets with “free trade,” a proven disaster in the modern international economy.
When one thinks of China, more often than not images of overpopulation and pollution—particularly smog-filled, crowded cities—come to mind. Other environmental concerns that China faces include toxic metal dumps, ocean reef collapse and more. Coupled with overpopulation, China has turned towards clean energy to help lessen the blow dealt by the previously mentioned concerns.
“Free trade” has essentially led to the most massive wealth transfer in the history of the world. The United States has not witnessed a trade surplus since 1975, and since then trillions of dollars have been lost through trade deficits caused by “free trade” on our end and protectionism on the other. The most significant flaw with all of our “free trade” agreements is that they are impossible to enforce, and because of this competition is impossible. “Free trade” depends on the premise that all countries will play by the same rules. However, in the real world, assuring that this occurs is incredibly expensive, time-consuming and inefficient to contest.
Every year, hundreds of billions of dollars leave the rapidly depleting coffers of the United States and go to China. This huge transfer of wealth has resulted in dramatic effects for both countries. For China, it has brought about an economic boom; for the United States, an economic decline. Chinese loans to the U.S. government, to the tune of over $1 trillion, have made a large contribution to this result. Effectively, this has silently granted the Chinese government an alarming amount of leverage over our economy.