Obama challenges Romney on China trade
President Barack Obama meets local residents during a stop at Ann's Place in Akron, Ohio on his two-day campaign bus trip in Ohio and Pennsylvania on Friday, July 6, 2012. / Pool, Ed Suba Jr.,AP Photo/Akron Beacon Journal
(AP) WASHINGTON - President Barack Obama is challenging Mitt Romney's vows to get tough on China, saying in a new ad that Romney "made a fortune" allowing China to take U.S. jobs.
Obama's ad seizes on a report that several businesses backed by Romney's former private equity firm transferred jobs to China and India to cut costs. The narrator says Romney is "not the solution. He's the problem."
The ad follows Obama's two-day bus tour in Ohio and Pennsylvania, where he announced the filing of a trade complaint against China at the World Trade Organization over duties on exports of U.S.-produced automobiles.
The ad is part of a larger $25 million ad buy in July and will run in New Hampshire, Virginia, North Carolina, Florida, Ohio, Iowa, Colorado and Nevada.
Popular in Politics
- Michelle Obama decries "slander" that educated blacks are "trying to act white" Play Video
- Benghazi-disciplined diplomat a prolific poet
- Romney condemns "breach of trust" in Washington 272 Comments
- Adviser on White House scandals: "Partisan fishing expeditions" won't distract Obama 176 Comments
- Obama: Racism is no excuse for not excelling Play Video
- Officials on Benghazi: "We made mistakes, but without malice"
- Republicans continue beating Benghazi drum 115 Comments
- Both parties vow to "get to the bottom" of IRS scandal