. Medical and Hospital News .




.
TRADE WARS
Seeking political gain, Obama fires new trade shot at China
by Staff Writers
Cincinnati, Ohio (AFP) Sept 17, 2012

Obama jabs Romney, says he 'walks the walk' on China
Cincinnati, Ohio (AFP) Sept 17, 2012 - President Barack Obama said Monday he liked to "walk the walk, not just talk the talk" on combating China trade abuses, in a sharp jab at his Republican foe Mitt Romney.

Obama, unveiling a new trade enforcement action against Beijing, struck a highly populist note as he sought to lock in his polling advantage over Romney in the crucial swing state of Ohio.

"I like to walk the walk, not just talk the talk," Obama said, renewing his charge that as head of investment firm Bain Capital, Romney was a pioneer in helping US corporations ship American jobs to low wage economies abroad.

"You can't stand up to China when all you've done is sent them our jobs. You can talk a good game, but I like to walk the walk, not just talk the talk," Obama said.

"And my experience has been waking up every single day and doing everything I can to make sure American workers get a fair shot in the global economy."

"We don't need folks who during election time suddenly are worrying about trade practices, but before the election are taking advantage of unfair trading practices," Obama says.

The Romney camp earlier dismissed Obama's latest trade challenge to China as "too little, too late" and the Republican has vowed to take a much tougher stance against the giant Asian economy if he wins the November 6 election.


President Barack Obama fired a new trade shot at China Monday, wooing blue collar workers and outmaneuvering his Republican foe Mitt Romney as Beijing took a pounding in the White House race.

Obama professed to "walk the walk" in making China play by global trade rules while implying Romney preferred to "talk the talk," using the power of incumbency to file a new WTO enforcement case against Beijing's auto subsidies.

Romney, who has vowed a much tougher stand against China if he wins November's election, complained Obama, who was visiting crucial swing state Ohio, had no credibility on trade and his move was "too little too late."

But the president renewed his charge that as a multimillionaire businessman at his firm Bain Capital, Romney was an early pioneer in advising American corporations to outsource blue collar jobs to low wage economies overseas.

"I understand my opponent has been running around Ohio claiming he's going to roll up his sleeves and take the fight to China," Obama said.

"You can't stand up to China when all you've done is send them our jobs," he said, in a battleground state that most analysts believe Romney must win if he has a chance to capture the White House on November 6.

"We don't need folks who during election time suddenly are worrying about trade practices, but before the election are taking advantage of unfair trading practices."

Romney, at a strategic disadvantage to Obama who can use the power of his office for political gain, condemned the president's new case at the World Trade Organization as an empty gesture.

"President Obama has spent 43 months failing to confront China's unfair trade practices," the Republican said in a statement.

"Campaign-season trade cases may sound good on the stump, but it is too little, too late for American businesses and middle class families," he said, adding that Obama's credibility on the issue has long since vanished.

"I will not wait until the last months of my presidency to stand up to China, or do so only when votes are at stake."

The announcement will be seen as highly political as Ohio is home to thousands of workers in the auto industry and related auto parts sector.

Obama repeatedly touts his decision to offer the sickly US auto industry a government bailout in 2009 -- which Romney opposed.

The US complaint, the latest in a string of enforcement actions against China, targets $1 billion in Chinese auto and auto parts subsidies between 2009 and 2011 that Washington said were hampering the $350 billion US auto industry.

The move represents something of a political trump card, following days of sparring between the campaigns over the threat rising China poses to the United States as an economic power.

No Republican has lost Ohio and gone on to win the White House, and Romney appears to be trailing significantly in the state less than two months before the election.

An NBC/Marist College poll last week found Romney behind Obama by seven points in Ohio, following a blizzard of Democratic advertising touting the bailout and critical of Romney's lucrative past life as a venture capitalist.

The US case will argue that China is providing impermissible export subsidies to auto and auto-parts firms and is violating World Trade Organization prohibitions on export-contingent subsidies, an official said.

Washington argues that Beijing is also violating its own agreement to wipe out export subsidies when it joined the WTO in 2001.

China made a own move to censure US trade practices Monday, calling on the WTO to mediate in a $7.23 billion (5.52 billion euros) dispute over anti-dumping measures taken by the United States against 24 Chinese products.

Obama has repeatedly demanded that China play by fair "rules of the road" in global trade, sometimes in the presence of senior Beijing leaders.

But Romney has been hammering Obama's record on China, and last week renewed his promise to brand it a currency manipulator on his first day in office in remarks that drew a stern rebuke from Beijing.

China-bashing is a regular feature of US election campaigns, but once in office, presidents have a habit of following decades-long US foreign policy orthodoxy of seeking cooperation with Beijing.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


China calls for WTO mediation on US anti-dumping measures
Geneva (AFP) Sept 17, 2012 - China on Monday called on the World Trade Organization (WTO) to mediate in a $7.23 billion (5.52 billion euros) dispute over anti-dumping measures taken by the United States against 24 Chinese products.

According to the Geneva-based organisation, China made "a request for consultations with the United States on countervailing and anti-dumping measures applied to a wide range of products exported by China to the US."

The Chinese products affected in the present dispute include paper, steel, tyres, magnets, chemicals, kitchen appliances, wood flooring and wind towers, the WTO said in a brief statement.

The Chinese Commerce Ministry said in a statement that the dispute concerned 24 products with an estimated value of $7.23 billion.

The latest dispute follows a similar request by China in August valued at $7.3 billion and involving 22 products.

Meanwhile, the US filed a complaint at the WTO against China over Beijing's subsidies for its automotive industry.

The WTO said the US accused China of "providing subsidies such as grants, loans, forgone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China".

According to the US, the Chinese government pumped more than $1 billion (760 million euros) in illegal subsidies to automotive exporters between 2009 and 2011.

In addition, the WTO said Washington has signaled its intention to seek WTO mediation over a further auto-related case -- "China's measures imposing anti-dumping duties and countervailing duties on certain automobiles from the United States."

The request is to be made on September 28 when the trade group's Dispute Settlement Body meets, the organisation said in a statement, adding that this request comes after unsuccessful talks between the US and China to resolve the dispute dating back to July 9.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Argentine import tariffs hitting exports
Buenos Aires (UPI) Sep 14, 2012
Argentina's increasingly tougher import tariff regime is beginning to hit the country's export potential as manufacturers find they cannot meet production targets because of emerging shortages of goods. Earlier this year Argentine traders launched a low-key appeal against the tariffs, backing President Cristina Fernandez de Kirchner's drive to reduce the country's import bill but callin ... read more


TRADE WARS
Norway supplies $168M for famine relief

Haunting 'Land of Hope' part shot on location in Fukushima

Japan slams brakes on $63 billion in spending

25 killed in ammunition depot blast in western Turkey: army

TRADE WARS
Countdown: a month to go to Galileo's next launch

Monitech Announces Zero-Installation Tracking System for Automotive Industry

Lockheed Martin and Raytheon Complete First Launch Exercise for Next Generation GPS Satellites

Northrop Grumman to Supply Bridge Navigation Systems for Swire Group's Dry Cargo Ships

TRADE WARS
Mapping a genetic world beyond genes

UC Santa Cruz provides access to encyclopedia of the human genome

Researchers identify biochemical functions for most of the human genome

Major advances in understanding the regulation and organization of the human genome

TRADE WARS
100 most threatened species

Crows react to threats in human-like way

Progress claimed in quest to clone mammoth

New Research Suggests Bacteria Are Social Microorganisms

TRADE WARS
Precautions for Tick-Borne Disease Extend "Beyond Lyme"

Influenza research: Can dynamic mapping reveal clues about seasonality?

Zimbabwe HIV activist presses for medication for prisoners

Harnessing anticancer drugs for the future fight against influenza

TRADE WARS
Chinese man wrongly sent to labour camp: panel

H.K. students protest over 'brainwashing' classes

China villager bombs local government office

China's Wen says property controls still needed: Xinhua

TRADE WARS
Nigeria navy retakes control of hijacked oil tanker

EU Naval Force Somalia warns ship owners

Mexico captures Gulf Cartel leader: navy

EU-NATO forces free hijacked vessel

TRADE WARS
Risks ahead if Asia to drive world growth: experts

Property price rises ease in Chinese cities

Walker's World: Central Banks Rule

China pledges more financial reform by 2015


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement