Ad challenges Romney on China trade


AP

WASHINGTON — U.S. President Barack Obama is challenging Mitt Romney’s promises to crack down on China’s trading practices, saying in an ad that the Republican candidate profited by allowing China to strip away U.S. jobs.

Obama’s ad, released Saturday, turns again to a recent Washington Post report that several businesses backed by Romney’s former private equity firm moved American jobs to China and India to cut costs. In a parting shot, a narrator says Romney is “not the solution. He’s the problem.”

The ad follows Obama’s two-day bus tour in Ohio and Pennsylvania, where the president announced plans to file a trade complaint against China at the World Trade Organization (WTO) for unfairly imposing duties on U.S.-produced automobiles. Ohio is home to several auto plants and tens of thousands of workers directly employed by the auto industry.

China remains a flashpoint in the presidential campaign.

Romney has accused Obama of failing to live up to promises to get tough on the economic powerhouse, saying he would label China a currency manipulator on his first day in office and fight the theft of intellectual property and job losses.

Obama’s administration says it has taken a broad effort to crack down on what it calls unfair Chinese trading practices, filing seven trade cases with the WTO against Beijing.