President Barack Obama this week said he is seeking a “reciprocal” trade relationship with China and promised to step up enforcement of China’s trade obligations and fight for currency rates that do not artificially depress the price of foreign goods.
In a closed door meeting with members of the New Democrat Coalition, U.S. Trade Representative Ron Kirk yesterday (Feb. 4) said the administration is close to being in a position where it could send up the U.S.-Panama free trade agreement for a vote in Congress, and suggested that a vote on that FTA could possibly take place this year.
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