Thursday, November 11, 2010

President Obama can't close deals at G-20 summit - Carol E. Lee and John Maggs - POLITICO.com

President Obama can't close deals at G-20 summit - Carol E. Lee and John Maggs - POLITICO.com: "SEOUL - President Barack Obama failed to reach agreement on two international deals to help spur the U.S. economy, unexpected setbacks on an Asia trip that was supposed to emphasize his stature abroad and change the subject from last week’s electoral drubbing.

Obama was unable to achieve a free trade agreement with South Korea, vowing to keep talking to get a better deal for U.S. auto makers. And after meeting with the leaders of Germany and China, he continued to meet resistance from the two countries about reducing their trade surpluses with the U.S. to give a boost to American manufacturing, putting the best face on a compromise that only calls for the goal of lowering them.

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