Romney doing just talk the talk on China: Obama
“He (Romney) has been running around….claiming he’s going to roll up his sleeves and he’s going to take the fight to China. Here is the thing. His experience has been, owning companies that were called pioneers in the business of outsourcing jobs to countries like China,” Obama said in a speech addressing a campaign meeting in Cincinnati, Ohio.
“He made money investing in companies that uprooted from here and went to China….now, you can’t stand up to China when all you’ve done is sent them our jobs. You can talk a good game, but I like to walk the walk, not just talk the talk,” Obama said today even as his Administration dragged China to the World Trade Organisation (WTO) for its alleged subsidies given to the Chinese auto industry.
“My experience has been waking up every single day and doing everything I can to make sure American workers get a fair shot in the global economy. When other countries don’t play by the rules, we’ve done something about it,” Obama said.
“We brought more trade cases against China in one term than the previous administration did in two. And every case we’ve brought that’s been decided, we won,” Obama added.
“When Governor Romney said that stopping unfair surges in Chinese tires would be bad for America, bad for our workers, you know, we ignored his advice, and we got over a thousand Americans back to work creating tires right here in the United States of America,” he said.
Earlier this year, Obama said, he set up a new task force to aggressively go after unfair trade practices that harm US workers. It is already delivering, he added.
“Two months ago we moved to hold China accountable for unfair trade practices that harm American automakers. Today my administration’s launching a new action against China, this one against illegal subsidies that encourage companies to ship auto parts manufacturing jobs overseas,” he said.
However, Romney in a statement alleged that the Obama Administration has been soft on China.
“President Obama has spent 43 months failing to confront China’s unfair trade practices. Campaign-season trade cases may sound good on the stump, but it is too little, too late for American businesses and middle-class families,” he said.
“Obama’s credibility on this issue has long since vanished. I will not wait until the last months of my presidency to stand up to China, or do so only when votes are at stake. From Day One, I will pursue a comprehensive strategy to confront China’s unfair trade practices and ensure a level playing field where our businesses can compete and win,” Romney said.