Monday, September 17, 2012

Obama takes on China, Romney

President Barack Obama took direct aim at China – and Mitt Romney -- on Monday with a World Trade Organization complaint about export subsidies and with stepped up rhetoric attacking Romney’s profiting from companies that shipped jobs to China.

The president announced the complaint at a campaign rally in Ohio, a state where the American auto industry supports one in eight people.

Now, I understand my opponent has been running around Ohio, claiming… he’s going to roll up his sleeves and take the fight to China,” Obama said. “But here’s the thing: his experience has been owning companies that were called ‘pioneers’ in the business of outsourcing jobs to countries like China… Pioneers! Ohio, you can’t stand up to China when all you’ve done is send them our jobs.”

The WTO complaint alleges that China gave up to $1 billion to exporters of autos and auto parts between 2009 and 2011, distorting the market to the detriment of American manufacturers.

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