Mitt Romney says if elected he will on his first day label China a currency manipulator so that the communist giant will stop running “roughshod on many industries in this country.” The presidential front-runner also told Fox News’ Sean Hannity Thursday he welcomes Donald Trump’s endorsement, as the billionaire real estate mogul shares his vision that nothing has been done to stop China from taking away U.S. jobs.
Romney said he was “very pleased” with the Trump endorsement as “he’s a man who’s created a lot of jobs. “
“And he shares my concern about China yeah, the fact that China has been able to run roughshod over many industries in this country,” Romney said. “And that presidents have looked at it, have complained about it, but really haven’t taken action to stop China from taking away our jobs.
“On my first day in office. I will label China a currency manipulator — and under U.S. law, once that label has been affixed, the president is able to apply tariffs to any of their goods where the president believes that their unfair trade practices have cost American jobs or killed American industries,” the former Massachusetts governor said. “I’m making it very clear to the Chinese: That’s where we will go if they continue the practices they are pursuing right now.”
Hannity wondered what the consequences would be if the Chinese viewed any Romney action as starting a trade war or moving toward protectionism.
“Well, you have to open up new markets — a highly productive nation like ours has to have new markets to sell goods too in order to continue to grow,” Romney said. “But if one of those markets — one of those countries begins to cheat on the agreement and to unfairly attack our markets and kill jobs here — you have to say whoa, whoa, whoa, you got to live by the rules of fair trade.
“And I know some people are concerned that if we hold China accountable that they will fight back and begin a trade war — but don’t forget: They sell a heck of a lot more stuff to us than we sell to them,” he continued. “They don’t want a trade war . . . and you have to stand up at some point and say enough is enough — you have killed too many jobs, you can’t keep manipulating your currency, you can’t continue to steal our designs, our patents, our know-how, and you can’t hack into our computers — and if you do, there will be consequences.”
Hannity then switched gears and asked about presidential rival Newt Gingrich’s move to challenge the winner-take-all delegate distribution in the recent Florida primary, decisively won by Romney.
“Well, it would be nice if Speaker Gingrich would challenge the rules before he’s lost as opposed to after he has lost,” Romney said. “He did that in Virginia. He said, look, I don’t think it’s fair to have to get 10,000 signatures — that’s after he worked hard to get the 10,000.
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