Michael Froman News
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Michael Froman, nominated to be U.S. Trade Representative, said he and his wife will divest holdings with his former employer Citigroup Inc. if he wins Senate confirmation.
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The Obama administration is engaged in preliminary talks with the European Union and China to settle a dispute over trade in solar-energy equipment and avoid a conflict among the world’s largest economies, according to people familiar with the discussions.
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The European Union could contain energy costs by calling for action from the Organization of Petroleum Exporting Countries, former U.S. Energy Secretary Bill Richardson said today.
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President Barack Obama asked his nominees for Commerce secretary and trade ambassador to revive U.S. export growth as the administration’s goal of doubling overseas sales by the end of next year slips out of reach.
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President Barack Obama said he is nominating Penny Pritzker, the Chicago businesswoman, philanthropist and Hyatt Hotels Corp. heiress who led record fundraising for his 2008 campaign, as secretary of commerce.
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President Barack Obama arrived in Mexico today with a message that ties the immigration debate in the U.S. to economic growth on both sides of the border.
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Lawmakers from states with auto factories and an association of U.S. carmakers expressed opposition to a deal with Japan to reduce vehicle tariffs and enable the Asian nation to join Pacific-region trade talks.
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Michigan lawmakers and an association of U.S. automakers expressed doubts about a deal with Japan to reduce vehicle tariffs and pave the way for the Asian nation to join talks aimed at a Pacific free-trade accord.
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President Barack Obama’s administration won’t let Japan’s interest in joining Pacific trade talks slow progress made with eight other nations, Michael Froman, deputy national security adviser, said.
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More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a U.S. president again sees an historic opportunity to strengthen America’s role in the region.
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