Brazil bans Chinese food products (indefinite total ban)

GMA News ^ | 10/08/08

[TribalPrincess2U]

How many products get through by going around up and down side ways and across to get to the final destination?

They never get rid of something if it’s turned away as not
safe. They just send it back again and again or to another country.

[RSmithOpt]

Sounds like a government that actually cares about its citizens.

People here in the US have no idea how contaminated 50% of all Chinese (mainland) foods are....I buy none of it and rarely eat out any more at buffets or buy pre-packaged / pre-processed foods.

[Ellendra]

I think the US politicians need to import some Brazilian gonads.

[Vinnie]

Years ago my wife and I had a set of Melmac dinnerware. We didn’t realize it was edible. Heck, we could have saved some grocery money. :)

On a serious note.
I applaud Brazil for their actions. Wish we would do the same.

But China is holding $1/2 T in US paper. They could make much mischief if we banned their products.

[PGalt]

Thanks for the ping. Smart.

[cmdjing]

Not so much anymore. Spot prices on iron ore have fallen by 50% since the summer and contract prices are similarly declining. The iron industry is set for a big bust as Chinese and global demand declines in the next few years at the same time they have massively raised supply by bringing new mines into operation. Expect iron ore prices to fall dramatically further and contracts to be re-negotiated. Some Brazilians are apparently too stupid to recognize this as Vale is now demanding another 20% price hike from the Chinese even though Chinese ports are glutted with excess iron ore inventory, demand is down, and prices continue to fall. They apparently seem to think they have a monopoly, the Australians are wont to disagree. It’s going to get ugly when those miners realize that they have more inventory than buyers are willing to purchase.

[Dustbunny]

Excellent, now it is time for the USA to do the same.