Republican Mitt Romney has pledged, on Day One of his presidency, to label China a currency manipulator.
David Chavern, chief operating officer of the U.S. Chamber of Commerce, said today: “I don’t love China-bashing.”
“Without regard to what party you are, picking fights with trading partners probably isn’t the best way to have expansion of the global trading system” said Chavern, who also serves as executive vice president of the largest business lobbying organization in Washington. ”In terms of the China-bashing that everybody seems to love, we think has a long-term negative effect in terms of the debate.”
What he does favor, Chavern said at a Bloomberg Government Breakfast in Washington, is investing in education.
“We favor federal activism in the area of education,” he said. “We are not producing the people we need for this economy.”
He noted, for example, that wherever he goes he is told it is hard to find skilled welders.
Brian Wingfield contributed to this post