President Barack Obama bus tour makes it seventh stop in the buckeye state of Ohio. He announced on Thursday his administrations plans to file a complaint against China for imposing new tariffs on American-made cars and trucks.
Obama is not the only presidential candidate slamming China. His opponent Mitt Romney has said in the past that day one of his presidency he would stand up to China. Does it add up?
In Ohio, Obama hits Romney on trade, manufacturing
President Barack Obama on Thursday pushed his vision for fair trade practices while kicking off his two-day bus tour through Ohio and Pennsylvania, a region known as a manufacturing hub.
"Americans and American workers build better products than anybody else. So as long as we're competing on a fair playing field instead of an unfair playing field, we'll do just fine," Obama said outside of Toledo, Ohio, which is home to a major Jeep assembly plant.
I always heard that a company like Caterpillar was a bellwether for macro stuff coming outta China, like how much the drop in Chinese real estate prices have dragged on the stock since February.
(Of course, to quote Herman Cain, "I don't have facts to back this up." It's more of a hypothesis.)
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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