trade deal

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Obama Gets His Coveted Fast-Track Authority

Thanks to his Republican allies

(Newser) - This might be why President Obama didn't seem overly concerned earlier this month when his bid for fast-track authority—seen as a major goal of his second term— seemed to be dead : It's not only not dead, it is now heading to the president's desk for his... More »

House GOP Resuscitates Obama's Fast Track

But hark, ahead lies the Senate

(Newser) - The House has revived President Obama's embattled trade agenda , but a potentially tough Senate battle awaits. The House voted 218 to 208 today to grant Obama "fast track" authority to send Congress trade agreements it can reject or ratify but not change. The Republican-driven vote—the breakdown, per... More »

Obama's Trade Deal Isn't Dead Yet

But it's basically on life support, with few options left

(Newser) - President Obama's humiliating defeat by his own party hasn't killed the Trans-Pacific Partnership just yet, but as Politico puts it, it's in "critical condition." Though House Democrats rejected his attempt to gain fast-track authority to negotiate the trade deal, Obama and House Republicans are exploring... More »

Huge Loss for Obama: Trade Measure Fails

He won't get his fast-track authority

(Newser) - Despite a rare personal plea from the president himself, House Democrats have rejected his bid to gain fast-track authority to negotiate a trade deal. The move by the Democrats likely killed Obama's "chance to secure a legacy-defining trade accord spanning the Pacific Ocean," reports the New York ... More »

Obama's Math Problem: TAA Plus TPA Equals TPP

He headed to Capitol Hill today, a rarity, to speak to Democrats

(Newser) - It's a sign of just how close the vote is and just how important it is to President Obama: He made a rare personal appearance on Capitol Hill today to schmooze Democrats in a bid to save an international trade deal —but it's not at all clear... More »

What Worries Me After Reading Obama's Secret Trade Deal

Much is kept secret from those being asked to advise on it: Michael Wessel

(Newser) - It's hard to publicly criticize a trade deal when revealing details of said deal could land you in jail. But Michael Wessel, a designated "cleared adviser" who has read President Obama's proposed Trans-Pacific Partnership , writes at Politico that critics such as Elizabeth Warren are right to be... More »

One of Obama's Biggest Remaining Fights Is With Democrats

Legislation for huge trade deal is introduced in Congress

(Newser) - One of President Obama's biggest goals for his home stretch in office took a big step forward today with a deal struck by leading Republicans and Democrats. It's regarding the Trans-Pacific Partnership, a proposed pact with 11 Pacific Rim nations that the Hill notes would be the biggest... More »

US Bending on Environment for Sake of Big Trade Deal

Countries' 'red lines' said to clash

(Newser) - As a dozen Pacific Rim nations continue three years of talks on a major trade deal, the US seems to be bending on environmental regulations accompanying the deal. The Trans-Pacific Partnership, central to President Obama's goals in the region, features a contentious chapter on environmental rules; a Nov. 24... More »

Obama Seeks New Corporate Powers in Trade Pact

US corporations would be able to challenge foreign laws: memos

(Newser) - The Obama administration is trying to grant US corporations formidable new powers in a trade pact with 11 other countries—including the ability to challenge laws and regulations abroad. In memos obtained by the Huffington Post (see them here and here ) the US is also pressing other members of... More »

US Trade Pact With Vietnam Is a Travesty

Allen Weiner says Vietnam has been stifling dissent, violating human rights

(Newser) - The US plans to enter into a trade pact with Vietnam by the end of the year—and in the process "sell out human rights" in the country, professor Allen Weiner writes in the Washington Post . Indeed, Hillary Clinton announced the pact last month just ahead of the one-year... More »

US, South Korea Cut Trade Deal

Could mean tens of thousands of jobs for US

(Newser) - The Obama administration has completed a free-trade agreement with South Korea that it expects to jack US exports by billions and create at least 70,000 jobs. The deal, the largest since NAFTA 16 years ago, was reached yesterday after trade reps for both sides reached a deal on automobile... More »

Obama to UN: Give India Seat on Security Council

Trip drives $14.9B in trade deals, 50K US jobs

(Newser) - In a key diplomatic move, President Obama called for a permanent seat for India on the UN Security Council today. In a speech to the country’s Parliament, Obama fulfilled the country’s top wish for his visit, the AP reports, though it does not mean that India will join... More »

Harley-Davidsons Roar Into India

(Newser) - Twenty-five Harley-Davidsons roared into the center of New Delhi yesterday, loudly proclaiming that the US brand is ready to take on India, the Washington Post reports. The motorcycle’s long-awaited arrival consummates the 2007 mangoes-for-motorcycles trade pact between the US and India, in which the US agreed to allow Indian... More »

Gadhafi Son: Why the Fuss Over Bomber's Release?

Celebration of Megrahi's return made possible by Brit TV coverage

(Newser) - The release of convicted Lockerbie bomber Abdelbaset Ali al-Megrahi had nothing to do with commerce, Moammar Gadhafi's son tells the Scotland Herald. What's more, he blames the celebration of Megrahi's return on the British news media—“Everyone knew from Sky and the BBC that he was going to land... More »

Torture Video Derails US-Emirates Nuke Deal

(Newser) - Video of a member of the UAE’s royal family brutally torturing an Afghan salesman threatens to sink a nuclear trade deal between the UAE and the US, the Times of London reports. Sheikh Issa bin Zayed al-Nahyan, a brother of the UAE president, is shown beating the trader and... More »

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