The Debate Has Shifted to China

Posted by SCapozzola on May 8th, 2008

Earlier this year, AAM was concerned that the presidential candidates were not discussing China.  Sure, they were slapping NAFTA around a bit.  But they were overlooking the bigger problem of unbalanced trade with China.

  As the recent primaries have unfurled, however, it’s clear that the debate has shifted.  In a May 3 Indianapolis Star analysis, reporter Ted Evanoff, noted the “import binge” that has taken a toll on U.S. manufacturing.   And with the presidential primaries boiling over, he pointed out that ”presidential aspirants Hillary Rodham Clinton and Barack Obama are on the campaign trail in Indiana insisting they favor trade-reform measures that could save factory jobs.”  In meetings with the Indianapolis Star, both candidates expressed support for action on China’s illegal currency manipulation, which has helped to boost China’s annual trade surplus with the U.S. to $256 billion.

In fact, Evanoff noted, “both candidates describe yuan manipulation as the speed pedal China uses to accelerate its economy.”

It would seem that the mainstream media is now asking the candidates some important questions.

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