How will a future president remedy the China trade imbalance?
In November 2007, the U.S. reached a new record annual trade deficit with China — without December’s figures even being calculated. Ohio has lost more than 200,000 manufacturing jobs since 2000. Ohio manufacturers are unable to compete when China grants enormous subsidies to foreign investors and misaligns its currency, which Federal Reserve Chair Ben Bernanke calls “an effective subsidy.” What specific actions will each candidate take in his or her first year to address the U.S.-China trade debacle? 3. How will they deliver on their promises to ensure imported food and product safety? Both Democratic presidential candidates have stated that as president, he or she would take urgent action to remedy the current flood of unsafe imported products and food into the U.S. market. However, to do so they must commit to renegotiate current U.S. trade agreements to remove the limits on such domestic consumer protections. Will the candidates commit to renegotiating the limits on imported produc
