Barack Obama

“ I have also proposed policies specifically intended to support jobs for American workers in the manufacturing sector, like ending tax breaks that encourage outsourcing.
My trade policy rests on that same belief in change. Our country can benefit from trade, but I will insist on a trade policy that will work for all Americans. That means opening markets abroad for our manufactured exports, and including enforceable labor and environmental standards in free trade agreements. It also means strong enforcement of our trade remedy laws at home and of our trade rights abroad. ”

“ I write in response to your request for my views on trade policy, particularly as it affects the textile industry. As I hope has become clear during this campaign, my entire economic platform is built on my belief that we must change the policies that have been pursued in this country in the past eight years and instead adopt policies that put the needs of the middle class first. This is why I have proposed tax cuts for the middle class and a health care system that will make insurance affordable for everyone. ”

“ A fair trading system requires fairness in each country’s foreign exchange practices. The massive current account surpluses accumulated by China are directly related to its manipulation of its currency’s value. The result is a large imbalance that is not good for the United States, not good for the global economy, and likely to create problems in China itself. China must change its policies, including its foreign exchange policies, so that it relies less on exports and more on domestic demand for its growth. ”