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Cato Podcast

The Return of a Trade Agenda

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 3 February 2015

⏱️ 7 minutes

🧾️ Download transcript

Summary

Republicans seem more likely to give President Obama trade promotion authority. Dan Ikenson says that's good news.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Tuesday, February 3rd, 2015. I'm Caleb Brown. The U.S. Trade

0:06.8

agenda long stalled is alive again. The trade agreements these days involve all manner of

0:12.1

demands from intellectual

0:13.6

property protection to labor standards to punishing countries for so-called

0:18.0

currency manipulation. Dan Eekinson directs the Cato Institute's

0:21.9

Trade Policy Studies. He comments on how

0:24.5

Congress and this president should advance free trade. One would think that

0:29.4

with Democratic Congress and a Democratic president that the trade agenda would be alive within the parameters set by Democrats,

0:39.0

but now we have a Republican Congress and a Democratic president and yet for whatever reason the trade

0:44.9

agenda is very much alive. Why is that? Trade is clearly an issue that divides the

0:49.2

Democratic Party and it sort of unifies the Republican Party and you know this president has had sort of a

0:55.9

strange tack with respect to his trade agenda.

0:58.8

He's been very hot and cold.

1:00.2

He has announced initiatives to liberalize trade, but then never talked up the benefits of it.

1:07.6

Never was willing to confront Congress, the leadership in Congress, Nancy Pelosi and Harry Reed.

1:13.4

In fact, when he became President, the climate in Congress was so anti-trade that the President

1:19.7

didn't even try.

1:20.5

He just sort of capitulated to that environment.

1:22.3

And then he, you know, he just sort of capitulated to that environment. And then he, you know, he responded to the changing context of Congress, you know, the Republicans

1:29.7

took control in 2011, and he suddenly relented and allowed the agenda to move forward but in

1:38.6

fits and starts really. As Bill Watson pointed out in our State of the Union response, this president in his State

1:45.2

of the Union address really gave probably the most anemic defense of trade agreements that could

...

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