First it was pet food, then came tires, toothpaste and toy trains. Now, the FDA issues an alert concerning tainted seafood such as catfish and shrimp imported from China. With more and more of our consumer products coming from China, what's next?
Eric Bolling says China closed these food processors voluntarily. He feels that demonstrates China won’t ignore the problem.
Eric adds if there are human deaths the Democrats might come in and advocate trade protectionism.
Jeff Macke agrees.
Pete Najarian tells the panel not to trust consumption products coming from China. But, he says take a look at Baidu.com (BIDU) which is up 100% in the last 52 weeks.
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Trader disclosure: On June 28 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Najarian Owns (IMMR); Bolling Owns (DIS), (T), (XOM), Sugar, Gold