Saturday, December 20th, 2014

Promises about Trade on The Obameter

Include environmental and labor standards in trade agreements

"He will use trade agreements to spread good labor and environmental standards around the world"

Allow imported prescription drugs

"Allow Americans to buy their medicines from other developed countries if the drugs are safe and prices are lower outside the U.S."

Urge China to stop manipulation of its currency value

"Barack Obama and Joe Biden will use all diplomatic means at his disposal to achieve change in China's manipulation of the value of its currency, a practice that contributes to massive global imbalances and provides Chinese companies with an unfair competitive advantage."

Strengthen the African Growth and Opportunity Act

"Obama will also strengthen the African Growth and Opportunity Act to ensure that African producers can access the U.S. market and will encourage more American companies to invest on the continent."

Reduce dependence on foreign oil

"Will cut U.S. oil consumption of foreign oil by 2.5 million barrels of oil per day, take 50 million cars worth of pollution off the road, and save American consumers more than $50 billion at the gas pump." [No time frame given for that statement]

Double American exports over the next five years

"President Obama set a goal to create 1 million new manufacturing jobs by the end of 2016 and is working to double American exports over the next five years by promoting U.S. goods and removing trade barriers, expanding access to credit, and promoting strong growth."

Create a new trade enforcement unit that will address China's trade practices

Standing up for American workers and businesses in the global marketplace, taking on China's unfair trade practices through a new trade enforcement unit to level the playing field.