Romney faults Obama over inaction on China trade

Associated Press

KASIE HUNT, Associated Press

Updated: Oct 13, 2012 2:33 PM

PORTSMOUTH, Ohio (AP) — Mitt Romney is attacking the Obama administration for delaying a decision about whether China is manipulating its currency to gain a trading edge.

A decision was due Monday, but the Treasury Department said Friday that it won't come before global finance officials meet in nearly November. That means a decision probably will be after the Nov. 6 presidential election.

Romney pointedly noted the delay during a speech Saturday at a rally in Portsmouth, Ohio.

The GOP presidential nominee says that on his first day in office, he'll brand China a "currency manipulator" and work to end what he calls Beijing's cheating practices on trade.

He says "it's got to stop."

Romney says President Barack Obama has failed to hold China accountable and as a result, the U.S. has lost jobs.

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