Washington: Republican US presidential candidate Mitt Romney accused President Barack Obama on Saturday of failing to “stand up to China” after the US Treasury said yesterday it was delaying a politically sensitive report on the currency policies of major US trading partners.
The US Treasury on Friday said it would put off a semi-annual currency report until after a meeting of the Group of 20 finance ministers in Mexico on November 4-5.
It means it is unlikely the report be released before US presidential election on November 6.
“Four years after promising to take China ‘to the mat’ for its manipulative currency practices, President Obama has once again failed to live up to his word,” Romney spokeswoman Andrea Saul said in a statement released by the campaign office.
“We can’t afford another four years of President Obama’s failure to stand up to China. Mitt Romney will do it on day one of his presidency,” she said.
Romney has said that if he wins the November election he would declare China a currency manipulator on his first day in office, arguing that China’s trade and currency policies are harming US workers and businesses.
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