Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Rubio: 'I Agree with Obama' on China Currency Issue Rubio: 'I Agree with Obama' on China Currency Issue

NEXT :
This ad will end in seconds
 
Close X

Not a member or subscriber? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Rubio: 'I Agree with Obama' on China Currency Issue

+

Sen. Marco Rubio, R-Fla., in May.(AP Photo/J. Scott Applewhite)

Sen. Marco Rubio, R-Fla., on Tuesday said Mitt Romney’s policy toward China “could kick off a trade a war that would be bad for the economy." 

Romney has vowed to declare China a currency manipulator on the first day of his presidency for artificially depressing the value of its currency.

 

China's currency manipulation makes its products cheaper, boosting Chinese exports while contributing to its trade surplus with the United States and other partners.

While the president has filed trade complaints against United States’ second-largest trading partner in specific industries like automobile and solar panels, he has not declared the country a currency manipulator, a move that could further strain the countries’ trading relationship.  

“I agree with Obama one that one,” Rubio told Bloomberg of the president’s refusal to escalate the trade dispute.

 

The Obama campaign has repudiated Romney’s calls for such a declaration, saying it would constitute a “hostile action.”

 

Comments
comments powered by Disqus
 
MORE NATIONAL JOURNAL
 
 
 
 
Make your Election Night headquarters.
See more ▲
 
Hide