As China decides to slap tariffs on $3 billion worth of U.S. imports, including pork products it will have a direct impact on one of their own companies that operates in the US. Smithfield Foods has been owned by China since 2013.
Sometime in 2018 China will open the largest Sew Bot Factory in Arkansas and begin making shirts at a cost of only thirty-three cents each. While these shirts may have the Made in America label they will not be made by an American owned company.
The United States government, including the Department of Defense, is at risk of allowing some of its most sensitive information to be seen by a Chinese company whose chairman has close ties to that country’s Communist party.
Smithfield Foods, Inc. announced the completion of the acquisition of Clougherty Packing LLC, parent company of Farmer John and Saags Specialty Meats brands and PFFJ LLC farm operations from Hormel Foods Corporation.