Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Romney: we do not have to accept "a huge and seemingly perpetual trade deficit with China"
Howard Richman, 8/17/2012
Fox News reports:
Romney says Obama has not been aggressive enough in challenging unfair Chinese trade practices and he would bring a "fresh and fearless approach" to that trade relationship, using both the threat of U.S. sanctions and coordinated action with allies to force China to abide by global trade rules.
He says the United States does not have to accept "a huge and seemingly perpetual trade deficit with China" and must demand U.S. companies have the same freedom to sell in China that Chinese firms have to sell in the United States.
Romney is getting closer to advocacy of balanced trade with China. If he decides to require balanced trade with the entire world, he will completely turn around the U.S. economy and restore America's position in the world.
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- Prof. Krugman and Chinese Mercantilism
- China agrees to modify export subsidies
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