Taxing Trade with China

by Ramesh Ponnuru

My Bloomberg View column this week concerns the candidates’ one-upsmanship on restricting trade with China.

Obama says he is the real trade warrior and Romney is only faking. According to one of the president’s ads, Obama “stood up to China” by putting a tariff on tire imports. The ad faults Romney for opposing his action: “How can Mitt Romney take on the cheaters when he’s taking their side?” the ad concludes.

The tire tariffs are nothing to brag about. . .