Obama’s free-trade goal hits roadblock

by
August 19, 2010

By Kara Rowland-The Washington Times

Eight months after he called for action on a string of stalled free-trade deals, President Obama is battling fierce opposition from his own party and concerns over a rising trade deficit in a rush to meet his own self-imposed November deadline for finishing a major accord with South Korea.

But the failure of the Obama administration to advance any major trade deals has many of his allies on the issue – including many top Republicans – questioning where Mr. Obama can deliver on his promises.

“I’ve never heard a president make the arguments for trade agreements as eloquently as President Obama did in January and not say at the end of that statement: ‘I will send this agreement to you and expect you to pass it, and want to work with you to pass it,'” said Rep. David Dreier, a California Republican and an outspoken proponent of trade deals. “I don’t quite get it.”

“Everybody is moving forward except for us right now,” said Christopher Wenk, senior director of international policy at the U.S. Chamber of Commerce, noting that South Korea, for one, is preparing a free-trade deal with the European Union.

Trade has been a particularly contentious issue for Mr. Obama‘s political base. Labor unions are virulently opposed to free-trade deals, which they contend threaten American jobs.

Nervous Democrats are wary of any divisive issues heading into a difficult midterm election.

The president’s “fast-track” authority to negotiate trade deals expired in President George W. Bush‘s second term, and there is no visible sign that Mr. Obama will push the Democratic House and Senate majorities to renew fast-track authority.

Mr. Obama, in his State of the Union address in January, asked for bipartisan cooperation from Congress to approve pending trade pacts with South Korea, Colombia and Panama, while he announced a goal to double U.S. exports in five years. Mr. Obama used a June meeting with South Korean President Lee Myung-bak to say he wants sticking points to be hammered out by November, when he visits Seoul for the next Group of 20 summit.

To read more, visit: http://www.washingtontimes.com/news/2010/aug/18/obamas-free-trade-goal-hits-roadblock/

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