The lead paint scandal took a tragic turn as the Chinese factory owner at the center of this controversy has
Meanwhile, the Chinese government is trying to pass some of the blame to the exporters and US companies who accepted the products.
So many American companies transferred manufacturing to China to save money, and retailers like Wal-Mart encouraged this strategy. Now they are paying the price.
We take for granted the numerous regulations in the US designed to protect us. We’re now seeing the risks of outsourcing. Of course outsourcing a trade will continue, but relying on Chinese components and products just got a little costlier.
Posted in: Trade