Friday, October 14, 2011

Mitt Romney talks China and Trade at Microsoft (related VIDEOS)

Mitt Romney accused China of stealing American inventions and assailed the nation's currency policies Thursday, playing to voters' economic fears amid worries about another recession.

In a speech at Microsoft's headquarters, Romney repeated calls for a new free-trade zone among countries that agree to respect those intellectual property rights and called for broader punishments for China if they don't allow their currency, the yuan, to appreciate in value.

"I want to make sure that people we trade with follow the rules and if someone consistently cheats, I want to make sure they understand that can't go on," he said.

China's government controls the value of its currency against the dollar, a practice that makes Chinese products cheaper in U.S. markets and U.S. goods more expensive in China. U.S. manufacturers say the currency manipulation hikes the price of American imports by as much as 40 percent.

Romney also harshly criticized China for ignoring U.S. copyright laws, accusing it of counterfeiting American designs, technology and pirating software.

The Chinese are "stealing . . . intellectual property, appropriating it at no cost, duplicating and selling it around the world," he said. "There's also hacking going on, where Chinese companies or even the government itself, perhaps, hacks into computers to steal technology."
The full story is HERE.

At this point, the following short video is all that is available on this speech. If anything else becomes available, I will post it:

The Romney campaign released the following related ad that summaries our trade problems with China and Obama's lack of effort or interest in addressing them:

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1 comment:

Anonymous said...

I worked with the Chinese, and I believe they expect us to respond by pushing back. They are elated when we don't do anything, but they won't be surprised if we do. Culturally, the Chinese bargain constantly with each other, always trying to best the other. The fact that we refuse to bargain with them only gives them everything they want without having to work for it. We need to push back.