Senate Republicans Ron Johnson and Marco Rubio sided with China over America’s working families by opposing the bipartisan U.S Innovation and Competition Act. The legislation will make a “once-in-a-generation investment” in research and advanced manufacturing to enhance the development of vital technologies and win the jobs future. By boosting U.S. […]
Ryan Opposed Efforts To Punish China For Currency Manipulation
In 2010, Ryan Opposed The “Currency Reform Fair Trade Act” To Impose Tariffs On Countries With Undervalued Currencies. According to the Boston Globe, “In 2010, when the House voted on the Currency Reform Fair Trade Act, Ryan was among the 79 congressmen who opposed the measure. The bill passed – 348 to 79, with 99 Republicans voting in favor – but was not taken up by the Senate so it never became law. The legislation would have given the president expanded authority to impose tariffs on the imports from countries that have ‘fundamentally undervalued’ currencies.” [Boston Globe, 8/16/12]
Romney Opposed Bush Chinese Steel Tariffs And Obama’s Chinese Tire Tariffs. According to the Club for Growth, “In his recent book, Romney also voiced his opposition to President Bush’s steel tariff decision and President Obama’s decision to impose tariffs on foreign tires.” [Club For Growth, 2012 Presidential White Paper #5, 6/7/11]
On February 2, 2012, the Associated Press reported:
During his presidential campaign in 2007, Republican candidate Mitt Romney promised that a trust overseeing his financial portfolio would shed any investments that conflicted with GOP positions toward Iran, China, stem cell research and other issues. But Romney’s family trusts kept some of those stocks and repeatedly bought new investments in similar holdings as recently as 2010, when they were sold in advance of his latest White House campaign, a detailed review of Romney’s financial records by The Associated Press shows.
Recently disclosed 2010 tax returns for three family trust funds for Romney, his wife, Ann, and their adult children show scores of trades in such investments, worth more than $3 million when the holdings were all sold in 2010.
On January 30, 2012, the Boston Globe reported:
In 2007, as Romney prepared his first run for president, Malt sold stock in dozens of potentially controversial companies, including casino operators, tobacco growers, and firms with ties to Iran. Last year, after Romney pushed for tougher trade sanctions against China, Malt dumped a number of Chinese holdings. He recently shed a money market mutual fund that had invested in government-backed mortgage companies, Fannie Mae and Freddie Mac, which are blamed for exacerbating the housing bust.
On December 17, 2011, the Wall Street Journal reported:
Mitt Romney’s financial advisers shed all his investments in China, worth as much as $1.5 million, at some point after mid-August, about the time that Mr. Romney made “confronting China” on trade a central plank of his economic platform as a Republican presidential candidate.