Obama budget to propose millions for trade enforcement
President Obama’s new budget proposal will ask Congress to devote millions for a new trade enforcement center and more U.S. inspectors in China as the administration takes aim at unfair trade practices abroad, a senior administration official said Saturday.
It’s all part of Obama’s focus on boosting U.S. manufacturing and exports as he tries to win over voters and improve the economy in this election year.
The official, who spoke on condition of anonymity ahead of Monday’s release of the president’s 2013 budget blueprint, said the document will call for plowing $26 million into a new Interagency Trade Enforcement Center.
The center, which Obama first announced in his State of the Union address last month, will seek to use international rules and U.S. laws to challenge unfavorable trade policies, including intellectual property violations and subsidies other countries give to favored industries. The administration’s primary concern is with China.