China: First The Dog Food, Now The Tires

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By Douglas A. McIntyre Published

The Federal government is always fighting with the Chinese about currency rates and intellectual property piracy. The typical US citizen probably does not care about that. But, if you kill his dog and give him bad tires, he takes a great deal of notice.

According to MSNBC, the FDA found "pet food ingredients tainted with melamine, a chemical used in plastics, fertilizers and flame retardants." That problem killed a number of cats and dogs.

Chinese medical ingredients have been pointed to as the cause of about 100 deaths in Panama.

And, now it has come to light that about 450,000 tires imported from China may not have an important safety feature. According to The Wall Street Journal, the tires may be responsible for at least one fatal accident.

It would seem that the Chinese get the better of the US at almost every turn. They do own a lot of US government paper. They are a source for inexpensive goods. Much of the growth of companies like Wal-Mart (WMT) can be directly tied to their operations in China.

Perhaps it will take a set-back for some US companies in China to send the right message. A ban on certain Chinese good would almost certainly lead to retaliation.

But, who wanted to go to the Beijing Olympics anyway? The air quality is so bad, it’s like smoking five packs of cigarettes a day.

Douglas A. McIntyre can be reached at [email protected].

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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