(CNN) - Mitt Romney issued the following statement Monday after it was announced the Obama administration will file a complaint with the World Trade Organization alleging China has illegally subsidized automotive exports and undercut American suppliers.
"President Obama has spent 43 months failing to confront China's unfair trade practices. Campaign-season trade cases may sound good on the stump, but it is too little, too late for American businesses and middle-class families. President Obama's credibility on this issue has long since vanished. I will not wait until the last months of my presidency to stand up to China, or do so only when votes are at stake. From Day One, I will pursue a comprehensive strategy to confront China's unfair trade practices and ensure a level playing field where our businesses can compete and win."