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ALL TALK ON TRADE


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August 17, 2009

ALL TALK ON TRADE

ALL TALK ON TRADE

WASHINGTON POST-Editorial. Is President Obama a free trader? He has said so -- many times. At the April Group of 20 summit in London, he announced that he and the other assembled leaders had "rejected the protectionism that could deepen this crisis. History tells us that turning inward can help turn a downturn into a depression." From Wall Street on Monday, he declared that "this administration is committed to pursuing expanded trade and new trade agreements." And in a CNBC interview later that day, he said it is in "our interest and the world's interest to avoid protectionism." He urged Congress to mute -- though not eliminate -- "Buy American" provisions in the stimulus bill.
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