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Columbia Missourian

Obama and Romney on China

By Antony Lee
October 28, 2012 | 12:00 p.m. CDT

This article is one of 12 that examine where President Barack Obama and former Massachusetts Gov. Mitt Romney stand on some of the issues that are important to voters.

China 

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Barack Obama

Regarding China, Obama has sought penalties against China for unfair trade practices. He opposes labeling them “currency manipulators.” Currency manipulation happens when a country deliberately devalues its currency to make its products cheaper in other countries. 

Mitt Romney

On trade with China, Romney would brand the country a “currency manipulator,” which he says would allow the United States to apply tariffs where “they are taking unfair advantage of our manufacturers.”

Romney says he wants to ensure that China plays by the rules so the United States loses fewer jobs to China.

“They're stealing our intellectual property, our patents, our designs, our technology, hacking into our computers, counterfeiting our goods,” he said during the third presidential debate.

“They have to understand we want to trade with them. We want a world that's stable. We like free enterprise, but you got to play by the rules.”

Analysis

MU political science professor Cooper Drury said he doesn’t expect either Obama or Romney would make drastic changes in policy toward China because the relationship is going along a reasonable path right now. China is poised to become the world’s next superpower.