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Obama takes aim at China

Wednesday, Sep 29, 2010 - 01:08

Sept 29 - President Barack Obama is taking aim at China - blaming the country for much of America's trade imbalance with the world's second largest economy. Jon Decker reports.

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In what was meant to be a top quickly I. Iowa voters about the sputtering US economy US president Barack Obama took aim at China. Lady in the country for much of America's trade imbalance with the world's second largest economy. The reason -- portion. China about the occurrence of because -- currency is undervalued the president's comments on China came in response to a question at a town hall style meeting in Deloitte. Days are managing their currency in ways. That. Make our goods more expensive to sell on their grip it's cheaper to sell here and that contributes that's not the main reason for our. Our our trade imbalance but it it's contributing factor. According to the White House China this year has -- up a 145. Billion dollar trade surplus with the US. Leading the president and a bipartisan group of lawmakers. To prod China. To raise the value of its currency. Jon Decker Reuters.

Obama takes aim at China

Wednesday, Sep 29, 2010 - 01:08

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