News

Obama Touts Asia Trade for US Economic Recovery

In his weekly radio and Internet address, Mr. Obama stressed that the US needs to place a greater emphasis on exports in order for the economy to grow.

President Obama (file photo)
President Obama (file photo)

U.S. President Barack Obama says trade with Asia is crucial to U.S. economic recovery.

In his weekly radio and Internet address, Mr. Obama stressed that the U.S. needs to place a greater emphasis on exports in order for the economy to grow.

The address, published in advance on the White House Web site, was recorded in South Korea during Mr. Obama's first presidential trip to Asia.

He said Asia does the most trade with the U.S. and that the U.S. could gain economically from intensifying the trade relationship even further, saying if the U.S. could increase exports there by 5 percent, it could lead to hundreds of thousands of new jobs.

And he recapped diplomatic moves from his tour, including a joint message with Russia and China to Iran on North Korea on their nuclear programs and a set of clean energy agreements with China.

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Feature Story

South Koreans march during a rally 100 days after the ferry Sewol sunk in Seoul, South Korea, July 24, 2014.

Student Survivors of South Korea Ferry Accident Testify Against Crew

Out of concerns students may feel intimidated, they will give testimonies via video link to avoid direct contact with the defendants and their lawyers More