Clinton, Obama Fire New Economic Jabs at China

As the U.S. Democratic presidential candidates try to woo working class voters in the run-up to the Pennsylvania primary, Clinton and Obama are focusing on the bilateral relationship with China. From AFP:

The New York senator said she would help US industries hurt by Chinese imports and would use the World Trade Organization (WTO) to challenge other countries for violating trade rules.

She said President George W. Bush had failed to enforce trade laws and not challenged China’s currency “manipulation.”

…China, according to Obama, had unfairly tilted the playing field by “dumping goods into our market,” violating intellectual property rights, exporting unsafe toys and “grossly undervaluing” its currency.

“That’s why we need to finally confront the issue of trade with China,” he said, demanding that “China itself plays by the rules and acts as a positive force for balanced world growth.”



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