September 17, 2012
U.S. Senator Rob Portman (R-Ohio) today released the following statement on President Obama’s campaign-driven trade enforcement announcement:
"When it comes to aggressively pursuing countries like China who have used unfair subsidies and trade barriers to disadvantage American workers, words are not enough; we must have consistent policies and actions that hold China accountable when they disregard their international obligations. That’s why I took them to World Trade Organization court and won needed changes benefitting U.S. auto parts manufacturers. I continue to be disappointed that President Obama has refused to take on China’s manipulation of their currency, which he has failed to do seven times since being elected. Today, with the trade deficit with China at an all-time high, the President is attempting to convince Ohio workers that he can improve their economic prospects and provide them with a better tomorrow. He cannot hide from the fact that under his watch U.S. manufacturing has shrunk for three straight months, the longest decline since the recession ended in 2009, the national debt has soared to $16 trillion for the first time in history, and unemployment hovers above eight percent for the 43rd consecutive month.“In order to truly turn things around and get our economy up and running again, we need new leadership that is not afraid to name China a currency manipulator, fight the out of control regulations slowing down American manufacturing, and stop the unsustainable Washington spending that is slowing job creation."