Friday, October 14, 2011

Mitt Romney op-ed: China must respect the free-trade system

Mitt Romney penned an op-ed today in the Washington Post, where he went after China and put them on notice as to what they can expect in a Romney Presidency. NO MORE, will America accept the short end of the trading stick:

In short, if one is genuinely committed to free trade, one must also be genuinely committed to ending abuses of its principles.

If I am fortunate enough to be elected president, I will work to fundamentally alter our economic relationship with China. As I describe in my economic plan, I will begin on Day One by designating China as the currency manipulator it is.
More important, I will take a holistic approach to addressing all of China’s abuses. That includes unilateral actions such as increased enforcement of U.S. trade laws, punitive measures targeting products and industries that rely on misappropriations of our intellectual property, reciprocity in government procurement, and countervailing duties against currency manipulation. It also includes multilateral actions to block technology transfers into China and to create a trading bloc open only for nations genuinely committed to free trade.

Read the entire op-ed HERE.

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