From yesterday’s Washington Times — High Price of Shoddy Goods

“U.S. Customs and Border Protection reported in 2002 that counterfeit goods brought into this country in one year cost American businesses an estimated $200 billion in revenue and the loss of some 750,000 jobs.”

“Counterfeit products include baby food, toys, automobile and aircraft parts……pacemakers and software, among many others.”

“Automobile brakes made of compressed grass and wood have shown up in American stores, and other counterfeit auto parts look so good that even trained mechanics can’t tell they are fake.”

“According to Loss Prevention Concepts Ltd., a Michigan consulting and intelligence-gathering organization, fraudulent parts have caused deaths from airline and auto accidents.”

This entry was posted on Thursday, May 17th, 2007 at 11:32 pm and is filed under Manufacturing in the U.S., Economic Security, Enforcing Trade Laws. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.