January 20, 2015

OUR REPUBLICAN PRESIDENT:

President, Republicans Aim to Forge Trade Deals (WILLIAM MAULDIN, Jan. 19, 2015, WSJ)

Improved economic and political winds look set to give President Barack Obama a new opening to complete at least one sweeping trade deal, despite reservations within his own party.

The president and Republican congressional leaders are highlighting trade as a top area for cooperation this year, and Mr. Obama is likely to ask for expanded powers on the trade front when he addresses Congress Tuesday night. [...]

Still under negotiation, the Pacific agreement would set rules for everything from the environment to drug patents, and cover nations with about 40% of global economic output and a third of world trade. The U.S. also is working on a trade deal with the European Union.

Last year, efforts to move legislation to smooth the passage of the Pacific deal foundered amid election-year politics and resistance from leading Democratic lawmakers, including Sen. Harry Reid , the former majority leader.

Now, the "economic and political forces [are] kind of aligning to be able to get something done," said Mr. Obama's trade representative, Mike Froman.

Posted by at January 20, 2015 1:35 PM
  

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