Senate poised to hand Obama big victory on negotiating trade pacts
The U.S. Senate is preparing to hand President Barack Obama a major victory with final passage of “fast track” authority to negotiate trade deals.
Doing so would cap a remarkable turnabout for an initiative that Democrats in the House of Representatives nearly killed this month.
Unions and most congressional Democrats say free-trade deals cost U.S. jobs and reward coun- tries that pollute and mistreat workers. But Obama and most Republican leaders say U.S. products must reach broader markets.
Senate approval of fast track on Wednesday would boost Obama’s hopes for a 12-nation Pacific rim trade agreement. It’s key to his effort to expand U.S. influence in Asia. Negotiating parties include Japan, Malaysia, Mexico and Canada.
If granted fast-track authority, Obama would ask Congress to ratify the Pacific deal after the public has weeks or months to study it.
Some anti-trade groups say they will strongly oppose the Pacific pact. Others seem more resigned to the likelihood of new U.S. trade agreements in Obama’s final months in office.
The Senate also plans to vote on three other trade- related bills. The most important would extend a job retraining program for workers displaced by international trade. That program would require House approval, too.