No, it's treason. The result is subversion of our market - running Americans out of their own market using dumping. In this case the dumping is the wage rate - not the product rate and the endpoint is the same. It is treason by definition.. whether intended or not.
Treason, as I understand the definition, is subverting gov't and not private industry. Is it bad for the economy? Yes. Is it bad for the American people? Yes. But it's still legal until they pass a law against it.