Tags: Obama | China | Trade

Obama Warns China Against 'Skirting the Rules' on Trade

Tuesday, 13 Mar 2012 11:16 PM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

WASHINGTON — President Barack Obama warned China Tuesday that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."

Making an election-year pitch aimed at working people, Obama announced that Washington is bringing a new trade case against Beijing. The goal is to pressure the rising Asian economic power to end its restrictions on exports of key materials, known as rare earth, which are used to manufacture hybrid car batteries, flat screen televisions and other high tech-goods.

"If China would simply let the market work on its own, we'd have no objection," Obama said during remarks at the White House. "But their policies currently are preventing that from happening. And they go against the very rules that China agreed to follow."

The United States, working in conjunction with the European Union and Japan, asked the World Trade Organization Tuesday to facilitate talks with China over its curtailment of exports of rare earth minerals.

"When it is necessary, I will take action if our workers and our businesses are being subjected to unfair practices," Obama said.

With the U.S economy slowly recovering from recession, Obama has sought to bring a renewed focus on Chinese policies that could hinder U.S. expansion. His administration's posture on China has already surfaced in the run-up to the Nov. 6 elections, with Republican front-runner Mitt Romney criticizing Obama for refusing to cite China for manipulating its currency. Romney has said he would label China a currency manipulator on his first day in office, a move that could lead to trade sanctions against Beijing.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

University Protesters Want Condi Rice Arrested

Wednesday, 16 Apr 2014 17:56 PM

Nearly 200 University of Minnesota professors and students are protesting Condoleezza Rice's scheduled speech Thursday o . . .

Andrew McCarthy: Loss of NYPD Muslim Unit Increases Terror Threat

Wednesday, 16 Apr 2014 17:18 PM

The New York City Police Department's decision to disband an elite intelligence division that kept tabs on the Muslim co . . .

Sebelius, Hurt by Accusations, May Challenge Kansas Sen. Pat Roberts

Wednesday, 16 Apr 2014 11:01 AM

Having resigned from her Cabinet post, embattled Health and Human Services Secretary Kathleen Sebelius could be plotting . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved