Tuesday, February 28, 2012

AP source: Obama sets up trade crackdown office

(AP) ? President Barack Obama plans to announce Tuesday the creation of a new enforcement office to challenge what the White House calls unfair trade practices worldwide.

A White House official described the initiative on condition of anonymity because Obama had not yet signed the executive order establishing the Interagency Trade Enforcement Center. He planned to do so Tuesday.

The official says the office will expand the administration's ability to challenge unfair trading practices in China and elsewhere. The new office will coordinate enforcement activity across several U.S. government agencies.

Obama accuses China of subsidizing homegrown companies and allowing counterfeiting and intellectual piracy.

Obama's most recent budget proposal asks Congress for millions of dollars for the new enforcement center and more U.S. inspectors in China.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-02-28-Obama-Trade/id-ce79fb02db0f4cff99ff14b31b140393

veterans day 2011 veterans day 2011 cnbc debate family circus spanier walmart black friday ad walmart black friday ad

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.