Washington (CNNMoney) - Trade deals with Colombia, South Korea and Panama have the potential to be a slam dunk in Congress - but they may never make it that far.
The U.S. agriculture industry has been calling for the deals, which could open up new international markets for high-quality beef, wheat and soybeans. But the U.S. auto industry is also watching, as the deal with South Korea would mean a drop in tariffs aimed squarely at Detroit automakers.FULL STORY
(CNN) - North Dakota Sen. John Hoeven said Saturday that free trade agreements can spur major economic growth in America, and called on President Obama to send a number of the treaties to the Senate for ratification.
“For the good of our economy – and our country – he needs to send these free trade agreements to the United States Senate for approval now, so that U.S. workers and businesses can begin to realize their benefits,” Hoeven said in the weekly Republican address.
Seoul, South Korea (CNN) - U.S. Secretary of State Hillary Clinton pledged Washington's support for South Korea and called on North Korea to end belligerent actions after meetings with President Lee Myung-bak and Foreign Minister Yu Myung-hwan on Wednesday.
"We will stand with you in this difficult hour and we will stand with you always," Clinton said at a news conference with Yu.
We call on North Korea to halt its provocations and its policy of threats and belligerence toward its neighbors and take steps now to fulfill its denuclearization commitments and comply with international law."
The meetings come at a time of high tensions on the Korean peninsula after Seoul blamed North Korea for the sinking in March of the South Korean warship Cheonan.