June 4, 2009 |
As President Obama arrives in Egypt today to deliver a much-anticipated speech on U.S.-Middle East relations, businesspeople on both sides of the world are hoping his trip will pave the way for increased commerce. Egypt is striving to become a trade hub in the Middle East on the strength of its favorable geographic location, purchasing power and consumer culture. The United States is stuck in the worst recession since the 1930s -- worsened by sluggish consumer spending.
May 21, 2009 |
A frequent critic of NAFTA and other trade pacts when he was on the campaign trail, President Obama is now throwing his support behind a trade deal with Panama, courting a potential backlash among his labor supporters. The administration is expected to make its case before a Senate Finance Committee hearing today in Washington, where his team is likely to face sharp questioning about Obama's change of heart on a deal the president now apparently views as a strategic imperative.
March 24, 2009
Thanks to the latest protectionist move by Congress to dodge our free-trade obligations with Mexico, in six to eight weeks, more than 20,000 pounds of California strawberries that ordinarily would be headed south of the border will have nowhere to go. The 80,000 people employed by the industry, however, know exactly where their jobs will be headed -- into thin air.
April 12, 2008 |
Campaigning across Pennsylvania and other sections of the Rust Belt in recent months, Sen. Hillary Rodham Clinton has stressed her determination to put a hold on trade agreements, which she says are costing American jobs. And last weekend, she demoted her chief campaign strategist after news reports that he did private lobbying work on behalf of a free trade pact with Colombia that Clinton opposes.
January 31, 2008 |
Declaring that "free trade means good-paying jobs for Americans," President Bush used the nation's largest helicopter manufacturer as a backdrop Wednesday to pressure Congress to pass three trade agreements that are among the top priorities of his final year in office. Singling out a proposed trade agreement with Colombia, Bush said its approval would mean jobs for Americans and support for an ally battling drug crime and political insurrection. Bush made his comments at Robinson Helicopter Co.
December 5, 2007 |
Congress gave final approval to a free-trade pact with Peru on Tuesday, handing President Bush his first victory on trade since Democrats gained the majority a year ago. Although the Senate overwhelmingly approved the agreement, the White House faces tougher battles on the rest of its trade agenda heading into an election year in which globalization's effect on American jobs, the trade deficit and product safety are expected to be hot campaign issues.
November 9, 2007 |
In a rare victory for President Bush since Democrats took control of Congress, the House approved a free-trade agreement with Peru on Thursday in a vote that exposed a major rift within the Democratic ranks over the issue.
November 1, 2007 |
Ignoring a veto threat and stoking a fight over trade, the House on Wednesday approved an $8.6-billion expansion of a federal program that assists workers who lose their jobs because of foreign competition. The vote comes as the White House works to steer four trade deals through a less-friendly Democratic-controlled Congress amid U.S. job losses and other effects of globalization.
October 13, 2007 |
miami -- Amid signs that Americans are more skeptical about free trade, President Bush pressed Congress on Friday to act on four commercial pacts with other nations, contending that they would invigorate the U.S. economy and create jobs. The president said the deals with Peru, Panama, Colombia and South Korea also would encourage democratic progress in regions crucial to U.S. security. "It is the time to move forward with these pro-growth, pro-democracy agreements," Bush said.