Romney faults Obama over inaction on China trade

By Kasie Hunt

Associated Press

Published: Saturday, Oct. 13 2012 12:35 p.m. MDT

Republican presidential candidate and former Massachusetts Gov. Mitt Romney campaigns at Shawnee State University in Portsmouth, Ohio, Saturday, Oct. 13, 2012.

Charles Dharapak, Associated Press

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Summary

Mitt Romney is attacking the Obama administration for delaying a decision about whether China is manipulating its currency to gain a trading edge.

PORTSMOUTH, Ohio — Mitt Romney is attacking the Obama administration for delaying a decision about whether China is manipulating its currency to gain a trading edge.

A decision was due Monday, but the Treasury Department said Friday that it won't come before global finance officials meet in nearly November. That means a decision probably will be after the Nov. 6 presidential election.

Romney pointedly noted the delay during a speech Saturday at a rally in Portsmouth, Ohio.

The GOP presidential nominee says that on his first day in office, he'll brand China a "currency manipulator" and work to end what he calls Beijing's cheating practices on trade.

He says "it's got to stop."

Romney says President Barack Obama has failed to hold China accountable and as a result, the U.S. has lost jobs.

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Furry1993

Ogden, UT

Bain Capital, a "vulture" capital firm started by Mitt Romney and to which he still has close financial ties (and, perhaps, more), owns Sensata Technologies which owns a company that builds transmission sensors for many cars and trucks made More..

8:11 a.m. Oct. 15, 2012
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UtahBlueDevil

Durham, NC

And what does Romney plan on doing once he has labelled them "currency manipulators"? Is he going to add import duties on their products? That will work for all the American companies buying and selling into the China market becuase they More..

7:20 p.m. Oct. 15, 2012
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