Vowing to get tough on unfair business practices by countries like China,US President Barack Obama today announced creation of a new trade enforcement body to help domestic companies.
“I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trade practices in countries like China. There will be more inspections to prevent counterfeit or unsafe goods from crossing our borders,” Obama said in his State of the Union Address.
This Congress should make sure that no foreign company has an advantage over American manufacturing when it comes to accessing finance or new markets like Russia
“Our workers are the most productive on Earth,and if the playing field is level,I promise you America will always win,” he said.
Obama said he will go anywhere in the world to open new markets for American products.
“And I will not stand by when our competitors don’t play by the rules,” he said.
“We’ve brought trade cases against China at nearly twice the rate as the last administration ¿ and it¿s made a difference. Over a thousand Americans are working today because we stopped a surge in Chinese tires. But we need to do more,” he said.
“It’s not right when another country lets our movies,music,and software be pirated. It’s not fair when foreign manufacturers have a leg up on ours only because they’re heavily subsidised,” he added.