Romney trade plan aims to hit China, open markets

Kasie Hunt, Associated Press, On Thursday October 13, 2011, 4:25 pm
REDMOND, Wash. (AP) -- Mitt Romney on Thursday will outline trade policies he says are aimed at punishing China's trade practices and opening more markets around the world for American goods.

In a speech at Microsoft's headquarters, Romney is to call for additional trade pacts, a new free-trade zone among countries that agree to respect intellectual property rights and for new punishments for China if the country doesn't stop keeping its currency artificially low against the dollar.

"As president, I will present China with a clear choice," Romney said in a statement in advance of the address. "Either abide by your commitments, open your markets and respect our property, or else the days of open access to our markets, our ideas and our companies are over."

China's government controls the value of its currency against the dollar, a practice that makes Chinese products cheaper in U.S. markets and U.S. goods more expensive in China. U.S. manufacturers say the currency manipulation hikes the price of American imports by as much as 40 percent.

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companies are still American owned by the 1%. Once he comes up against that truth he will not do anything.