Trade deals held up by Washington gridlock
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.
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Roemer slams China in front of Chinese Embassy
Washington (CNN) – Calling China a "bear" that eats American jobs with unfair trade policies as its fork, presidential candidate Buddy Roemer made his jobs speech Thursday in front of a location he called the "bear's den" - the Chinese Embassy.
The former Louisiana governor slammed American politicians and economists for encouraging businesses to move overseas, particularly China, along with their jobs and factories.
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Congress moves forward on free trade deals
WASHINGTON (CNNMoney) – The Senate will officially take up three trade deals and a scaled-back version of a jobs retraining program for laid-off workers on Thursday.
Senate negotiators will have to start pounding out the details of the trade deals, as well as funding for the jobs retraining program - whose funding ran dry in February.
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Hoeven says free trade deals will rev up economy
(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.
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