Will Bush Get Tough with Congress on Trade?

By January 9, 2008Trade

CES.gifExports are a bright spot in the U.S. economy and it seems the Bush Administration wants to keep in that way.

The White House may even try to force Congress to vote on Korea, Columbia and Panama trade deals if congressional leaders refuse to bring them up, U.S. Trade Representative Susan Schwab said Monday during a conference call from the Consumer Electronics Show in Las Vegas.

“That’s always an option. It’s clearly not the preferred option,” Schwab was quoted as saying in a Reuters story.

Investor’s Business Daily today said forcing trade votes could backfire but is probably worth it from Schwab’s point of view:

“It’s a risky move. Success would benefit the U.S. on a wide scale for many years. But failure would be a foreign policy disaster, as well as a painful return to the drawing board. To Schwab, however, the risk seems necessary. With the recession winds blowing, U.S. prosperity and the well-being of our allies are on the line.”

Schwab recently appeared on “America’s Business with Mike Hambrick.” She promised it will be a busy year for U.S. trade policy. Here’s a link to a vodcast of that program.

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