Pork from China won't make its way into the U.S. if Smithfield Foods is acquired by China's Shuanghui International, Smithfield CEO Larry Pope told lawmakers Wednesday.
Shuanghui's planned purchase "will not result in any U.S. imports of food from China," Pope said in prepared remarks to the Senate Committee on Agriculture, Nutrition and Forestry. "This is about exporting meat products from the U.S. to China."
But the proposed deal has drawn skepticism from lawmakers and industry groups. As is common with high-profile mergers between Chinese and U.S. companies, there are concerns the takeover could be detrimental to American industry, intellectual property and potentially even national security.
Read - Smithfield CEO: No meat will be imported from China
It won't' be bringing jobs to US as the CEO stated. Why wouldn't Shuanghui learn all the intellectual property and management skills from what Smithfield already established, and then shrink down the jobs and production in US when they can do the same in China for lower cost and make much higher revenue? They can sell those meet in China or any other developing for higher price because the branding/name sounds US not Chinese.
Total BS. Another US brand going right down the crapper to maximize share holder value.
So the only way American farmers can sell pork to China is to have the company owned by a Chinese company :)
We may want to consider this for all the red bouncy balls and other China products sold in the USA
Yeah RIGHT it won't. See here is how it works. All china has to do is ship it to say... the phillipines first... then send it to the USA from there.
See see this pork is from the Phillipines!!!
I already avoid Smithfield pork, and I already avoid nearly all foods imported from China. At least in this kitchen, there will be little change.
I too avoid any food product from China. The level of pollution in that country is so high – who wants to eat a bite of that? Their food process practices are so bad even the Chinese are skeptical of any foods from China – ergo just one interest of China's owing and controlling a major manufacturer of American food. I also avoid the Smithfield brand because they betrayed their own brands reputation for quality more than a decade ago.
The quality of Smithfield products has fallen to almost those of the unnamed bargin brands. Their Bacon is so full of water it steams before it starts to fry. Hams with the up to a 15% water solution (salt) – which means the customer pays a 15% premium for salt water. The questionable approved practices of raising hogs for their slaughter houses – the list goes and goes. Their practices are so so low in the world of pork today that it would be fitting for them to have Chinese characters spelling out Smithfield's name and contents on them.