People wondering if Romney is serious about “going after” China. Do you guys have any thoughts about that? Would he do it? Much of his economic team were Bush II staff, who weighed the pros and cons and didn’t do very much.
If China is still cheating today with its currency and with stolen intellectual property (like we are told) the next president could battle it with tariffs - without the approval of congress or the WTO. But he better be sure about it, because tariffs are the opposite of free trade and hurt the poor most with high prices on all shores. Consider the extremes the Obama administration is manipulating our currency, and have you ever heard about the intellectual property of China being protected.