With the protectionist stances coming from the Obama Administration via the Trillion Dollar Debt Plan’s “Buy American” provisions; you might forget the United States still has a series of pending trade agreements with Columbia and South Korea which need Congressional approval.
Just yesterday, President Obama agreed with South Korea’s Lee Myung-bak to do all he could to get both nations’ legislative bodies to approve the trade agreement.
South Korean President Lee Myung-bak and U.S. President Barack Obama agreed on Tuesday to fight against trade protectionism, as legislatures in both countries prepare to battle over a bilateral free trade deal. South Korea and the United States reached the trade deal in 2007, which studies said is expected to boost their $78 billion annual trade by as much as $20 billion.
The News Wire’s title for their article: “Obama and S. Korea’s Lee vow to fight protectionism.”
Pot meet Kettle.