Just because its cheaper doesn't mean...
Here's one reason why trade with lesser developed nations should be more closely scrutinized and it doesn't really have anything to do with trade deficits, tariffs, or protectionism. It has to do with safety issues. I read in a recent issue of USA Today that China exports about 500 million dollars worth of plywood to this country, enough plywood to construct cabinetry for about two million kitchens. And this export level is six times greater than in 2002. Sounds great, right? Cheaper exports keeps consumer prices down, right? Well, plywood from china emits significantly higher levels of formaldehyde than domestic producers are allowed to get away with.
Just because its cheaper doesn't mean it better...or safer.
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