Romney wants immediate tariffs on Chinese goods because of "currency manipulation." If China want to sell us stuff cheap, why take away from our consumers the right to buy it? He should have a better understanding of economics than that. I am all for stopping idea theft. Should be number one.
"Romney on China's Currency Manipulation
12:41 PM, Oct 12, 2011 • By MICHAEL WARREN
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During Tuesday night's debate in New Hampshire, moderator Karen Tumulty challenged Mitt Romney on his recent tough talk on China. Romney says China is a "currency manipulator" and argues that, by setting unfair prices and allowing the theft of American intellectual property, the Chinese government is cheating world markets and must be held accountable
RMB
Tumulty pointed out that candidates from George W. Bush to Barack Obama have campaigned as tough talkers to China but upon election take a "much more cautious approach." Why, she asked, should voters expect anything different from a President Romney?
"I'm afraid that people who've looked at this in the past have been played like a fiddle by the Chinese," Romney said. "And the Chinese are smiling all the way to the bank, taking our currency and taking our jobs and taking a lot of our future. And I'm not willing to let that happen." Romney went on to reiterate that he would sign an executive order on his first day in office "identifying China as a currency manipulator" and that he would take that case to the World Trade Organization.
On her radio show Wednesday morning, Laura Ingraham asked Romney whether the U.S. is already in a trade war with China.
"I don't know that I'd use the term 'trade war,' but it's a trade battle of some kind," Romney said. "It's a trade surrender, let me call it that....It's just crazy for us to be fearful that somehow if we crack down on cheaters that that's going to be a problem.""
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