Mitt Romney says we need to get tough with China over trade to put Americans back to work. Here’s my response, as quoted today by Bloomberg Businessweek:
Daniel Griswold, who studies trade policy at the libertarian Cato Institute in Washington, said China can only be pushed so far.
“If we go down the road to trade confrontation with China, it could cost Americans jobs in terms of our exports and investments,” he said. “There’s definitely a wing of the Republican Party which is really itching to pitch a trade fight with China.”
Griswold added: “These are good applause lines. They won’t do a thing to put 14 million unemployed Americans back to work.”
For the record, I actually said “pick a trade fight,” but I don’t think we should pitch one, either.