The Obama administration is set to launch a new enforcement action with the World Trade Organization against China on Monday, alleging that the Asian economic giant is putting U.S. manufacturers at a competitive disadvantage by illegally subsidizing exports of autos and auto parts.
The president, blending his roles as candidate and incumbent officeholder, will announce the move at the first of two campaign stops scheduled Monday in Ohio, a state where 1 in 8 jobs is tied directly or indirectly to auto manufacturing. Source
Mitt Romney abruptly shifts strategy
On Monday, Romney unveiled a new ad, “The Romney Plan,” that punches back at Obama’s consistent emphasis on growing the economy for the middle class, and emphasizes what the Republican would do.
“My plan is to help the middle class,” Romney says in the ad. “Trade has to work for America. That means crack down on cheaters like China. It means open up new markets.”