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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 09:04 AM
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US To Firm Up Trade Stance With Domestic Focus
U.S. to Toughen Its Stance On Trade
New Policy Reflects Growing Dissatisfaction With Global Markets

By Anthony Faiola
Washington Post Staff Writer
Tuesday, March 10, 2009; Page A01


The Obama administration is aggressively reworking U.S. trade policy to more strongly emphasize domestic and social issues, from the displacement of American workers to climate change.

Even as world trade takes its steepest drop in 80 years amid the global economic crisis, the administration is preparing to take a harder line with America's trading partners. It will seek new benchmarks before supporting already-written trade agreements with Colombia and South Korea and is suggesting that it will dig in its heels on global trade talks, demanding that other countries make broader concessions first.

"I believe in trade and will work to expand it, but I also know that not all Americans are winning from it and that our trading partners are not always playing by the rules," Ron Kirk, President Obama's nominee as U.S. trade representative, said in confirmation hearing testimony last night before the Senate Finance Committee.

The shift underscores the mounting pressures confronting any effort to expand trade during the economic crisis. Even before the global economy went code red late last year, talks aimed at expanding global trade stalled as Western countries warred with emerging giants like China and India over how to further open markets.

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http://www.washingtonpost.com/wp-dyn/content/article/2009/03/09/AR2009030903157.html
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