For America to win, American workers have to win, too. If CEO pay keeps rising, while the standard of living for their workers continues to decline, that's not a win for America.
That's why I opposed NAFTA, it's why I opposed CAFTA, and it's why I said any trade agreement I would support had to contain real, enforceable standards for workers.
That's why I believe the Permanent Normalized Trade agreement with China didn't do enough to ensure fairness and compliance.
Now, you can have a debate about whether my position is right or wrong. But here's what you can't do. You can't spend the better part of two decades campaigning for NAFTA and PNTR for China, and then come here to Pennsylvania, and tell the steelworkers you've been with them all along. You can't say you are opposed to the Colombia Trade deal, while your key strategist is working for the Colombian government to get the deal passed.
That's not respect. That's just more of the same old Washington politics. And we can't afford more of the same.
We need real change, and that's what I'm offering. I'm offering a new, more transparent and more inclusive path on trade so we can help promote an integrated global economy where the costs and benefits are distributed more equitably. And it starts with a principle I've always believed in - that trade should work for all Americans.
That's why we need to finally confront the issue of trade with China. As I've said before, America and the world can benefit from trade with China. But trade with China will only be good for you if China itself plays by the rules and acts as a positive force for balanced world growth.
Seeing the living standards of the Chinese people improve is a good thing - good because we want a stable China, and good because China can be a powerful market for American exports. But too often, China has been competing in ways that are tilting the playing field.
It's not just that China is following the path taken by so many other countries before it, and dumping goods into our market while not opening their own markets, something I've spoken out against. It's not just that they're violating intellectual property rights. They're also grossly undervaluing their currency, and giving their goods yet another unfair advantage. Each year they've had the chance, the Bush administration has failed to do anything about this. That's unacceptable. That's why I co-sponsored the Currency Exchange Rate Oversight Reform Act. And that's why as President, I'll use all the diplomatic avenues open to me to insist that China stop manipulating its currency.
We also have to make sure that whatever goods we're importing are safe for our families. We all saw the harm that was caused by lead toys from China that were reaching our store shelves. A few months ago, when I called for a ban on any toys that have more than a trace amount of lead, an official at China's foreign ministry said I was being "unobjective, unreasonable, and unfair." But I don't think protecting our children is "unreasonable" - I think it's our obligation as parents and as Americans.
When it comes to trade, there's no one-size-fits-all approach. If countries are committed to reciprocity, if they are abiding by basic rules of the road, then we should welcome trade. Many poor countries need access to our markets and pose no threat to our workers.
But what all trade agreements I negotiate as President will have in common is that they'll all put American workers first. We won't ignore violence against union organizers in Colombia, or the non-tariff barriers that keep U.S. cars out of South Korea.