- GOP hopes taking shutdown off the table with budget deal will pay dividends
- Chinese Death Star: The moon cited as the perfect launch pad for ballistic missiles
- Help wanted: Homeland Security plagued by vacancies at the top
- We are not amused: Queen’s protection officers warned to keep ‘sticky fingers’ off the royal cashews
- Unleash the crossbows: Gov. Scott Walker creates new hunting season
- Bubonic plague kills 20 in Madagascar
- G-20 diplomats fell for hacker attack promising nude photos of former French first lady Carla Bruni
- Minnesota guardsman charged with stealing private soldier data for fake IDs
- Florida appeals court rules universities can’t regulate guns
- Vladimir Putin defends Russian conservative values
Obama ends long delay on free-trade agreements
House GOP set to fast-track pacts
“I, for one, will not sit back and continue to let mercantilist trade practices continue to decimate American manufacturing and American jobs,” said Sen. Charles E. Schumer, New York Democrat.
The legislation, which faces a final vote likely later this week, enjoys strong support from Democrats but splits Republicans.
Sen. Bob Corker, Tennessee Republican, warned senators not to risk a trade war or treat the legislation as a warning shot. He said the currency bill imposed strict new rules without any flexibility.
“Is this what the United States Senate wants to do today?” he said.
Some lawmakers tied the China currency legislation to the trade agreements, saying the U.S. is poised to reassert an active role in the international economy.
Backers said the agreements could boost U.S. exports by $13 billion, while opponents said it could deepen the trade deficit by $16 billion and displace 200,000 workers.
Republicans have been begging for years for the administration to submit the deals for a vote, and Mr. Obama at various times seemed to agree, including mentioning it as an area of cooperation in his 2010 and 2011 State of the Union addresses.
But he repeatedly delayed, as he sought to sweeten the deal for American workers and to appease the concerns of labor union leaders, many of whom remain adamantly opposed to the agreements.
Mr. Obama himself, as a member of the Senate, voted against the Central America Free Trade Agreement in 2005. And during the presidential campaign in 2008 he said he opposed the Colombia agreement, arguing that violence against trade union leaders in that country showed Colombia did not have the kinds of protections needed for free but fair trade.
He also called the South Korea agreement “bad for American workers.”
But in 2010, Mr. Obama promised to double U.S. exports over five years, and his trade representative said the agreements were a top priority.
© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.
About the Author
Stephen Dinan can be reached at email@example.com.
- Federal deficit shrinks 20 percent in fiscal 2014
- Wind farms: Interior Department sacrifices eagle protection for alternative energy
- Activists urge Obama to go rogue, sidestep Congress
- Bipartisan House votes against 'patent trolls' who file lawsuits against innovators
- Bipartisan House votes to stop patent 'trolls'
Latest Blog Entries
By Matt Kibbe
The short-term deal will assure long-term overspending
- Obama's Afghanistan experts stumped on U.S. death toll, war costs during hearing
- NAPOLITANO: A conspiracy so vast
- House pushes through two-year Ryan-Murray budget deal
- Comma on!: Twitter erupts over Obama-Castro 'marriage'
- Jane Fonda Foundation fails to make single contribution in 5 years: report
- All-out war breaks out in GOP over budget pact
- White House improvises again on patchy Obamacare rollout
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Obama takes 'selfie' at Mandela's funeral service
- CARSON: Why did the founders give us the Second Amendment?
Independent voices from the The Washington Times Communities
Born in 1930 in rural Missouri, Charles Vandegriffe, Sr., brings his time and place to the Communities.
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Chef Mary Moran discusses the food we eat, where it comes from and what it does for us.
An informed and often humorous take on the world of advertising, public relations and social media. 100% Pure. Not from concentrate.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow