I am already using addslashes for '
Oh, and forgot to mention: instead of using addslashes(), use the appropriate escaping function for your database API. For example, you would use mysql_real_escape_string() if using the MySQL extension. Better still, you could use prepared statements with the PDO extension.
I have several thousand products I am importing and when I get to some of the products with alot of html in the descriptions they are not importing into the database.
Could you elaborate? Perhaps give a simplified version of the relevant database schema. To the database engine "<tag>" should be no different from "text".