Wal-Mart: Good For China

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cardosino

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MADE IN AMERICA NO LONGER: Founder Sam Walton's autobiography was titled "Made In America." No longer. Wal-Mart more than $13 billion in goods from China last year. China is so vital to the corporation that Wal-Mart even held its annual board meeting there. Also, Wal-Mart hired trade expert Angela Marshall Hofmann to influence federal policies. Hofmann promptly pushed through language at the Central American Free Trade Agreement meeting last September allowing Mexican manufacturers to send products duty-free to the United States. Textile mills will lose business, but Wal-Mart will get cheaper wholesale products.

http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=39854#3
 
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