Obama signs trade bills

Obama signs trade bills
President Obama on Monday signed a fast-track trade authority bill into law, cementing a major legislative victory at the end of a bruising months-long battle within his own party. 

Obama signed the measure during a brief ceremony in the East Room of the White House, where he hailed the bipartisan cooperation that was needed to get the legislation through Congress after an intense lobbying campaign that pitted the president against congressional Democrats and created a rare alliance with Republicans. 

The president was surrounded by key lawmakers and members of his administration who kept this trade agenda alive through several procedural hiccups even though, he said, it had “been declared dead more than once.”
 
The trade promotion authority (TPA) legislation, also known as fast-track, is expected to speed the completion of Trans-Pacific Partnership (TPP) negotiations with 11 other Pacific Rim nations in the coming weeks. 
 
Obama also signed a measure into law that provides $450 million to retrain workers who lose their jobs because of expanded trade and extends trade preferences for another decade to sub-Saharan Africa.
 
The president said he believed that signing the legislation would be good for American workers and businesses and would give the United States a global competitive edge. 
 
“We’re going to turn global trade into a race to the top and reestablish our leadership role in the world,” he told the crowd that included business owners and other stakeholders. 
 
“Trade is one part of a broader agenda of middle-class economics,” he said. 
 
Behind him during the signing were U.S. Trade Representative Michael FromanMichael B.G. FromanUS trade rep spent nearly M to furnish offices: report Overnight Finance: Trump hits China on currency manipulation, countering Treasury | Trump taps two for Fed board | Tax deadline revives fight over GOP overhaul | Justices set to hear online sales tax case Froman joins Mastercard to oversee global business expansion MORE, Treasury Secretary Jack LewJacob (Jack) Joseph LewOvernight Finance: US reaches deal with ZTE | Lawmakers look to block it | Trump blasts Macron, Trudeau ahead of G-7 | Mexico files WTO complaint Obama-era Treasury secretary: Tax law will make bipartisan deficit-reduction talks harder GOP Senate report says Obama officials gave Iran access to US financial system MORE, Reps. John Delaney (D-Md.), Pat Tiberi (R-Ohio), Dave ReichertDavid (Dave) George ReichertLymphedema Treatment Act would provide a commonsense solution to a fixable problem Yoder, Messer land on K Street Ex-GOP lawmaker from Washington joins lobbying firm MORE (R-Wash.), Ron KindRonald (Ron) James KindDems highlight NYT article on Trump's business losses in 'tax gap' hearing Congress can retire the retirement crisis Permanence for CBMTRA is a small business win across America MORE (D-Wis.), Gerry ConnollyGerald (Gerry) Edward ConnollyMueller mystery: Will he ever testify to Congress? Dem leaders feel squeeze on Trump strategy Senate fails to override Trump's Yemen veto MORE (D-Va.), Don Beyer (D-Va.), Sen. Chris CoonsChristopher (Chris) Andrew CoonsMnuchin says carbon capture tax credit guidance will be out soon Mnuchin signals administration won't comply with subpoena for Trump tax returns Menendez, Rubio lead Senate effort to regulate Venezuelan sanctions MORE (D-Del.), Agriculture Secretary Tom VilsackThomas James VilsackUSDA: Farm-to-school programs help schools serve healthier meals OVERNIGHT MONEY: House poised to pass debt-ceiling bill MORE and Commerce Secretary Penny PritzkerPenny Sue PritzkerMichelle Obama officiated Chicago wedding: report Election Countdown: Trump plans ambitious travel schedule for midterms | Republicans blast strategy for keeping House | Poll shows Menendez race tightening | Cook Report shifts Duncan Hunter's seat after indictment Former Obama officials launch advocacy group aimed at Trump's foreign policy MORE
 
Jeff Zients, the director of the United States National Economic Council and an architect of the White House’s full-court press in Congress, was in the audience. 
 
The president also thanked Republican leaders who helped deliver the trade victory — Speaker John BoehnerJohn Andrew BoehnerLiz Cheney faces a big decision on her future NBC's Kelly O'Donnell tears up over video celebrating 25 years at network Boehner: 'I wouldn't bother' with primary challenge to Trump if I were Kasich MORE (Ohio), Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellOn The Money: Treasury rejects Dem subpoena for Trump tax returns | Companies warn trade war about to hit consumers | Congress, White House to launch budget talks next week | Trump gets deal to lift steel tariffs on Mexico, Canada Schumer calls on McConnell to hold vote on Equality Act House Dem cites transgender grandson in voting for Equality Act MORE (Ky.) and House Ways and Means Committee Chairman Paul RyanPaul Davis RyanDebate with Donald Trump? Just say no Ex-Trump adviser says GOP needs a better health-care message for 2020 Liz Cheney faces a big decision on her future MORE (Wis.) — who couldn’t make the ceremony because they are out of town for the July 4 recess. 
 
Those leaders and the White House remained resilient during the legislative fight and were quick to find a way to breathe new life back into the trade agenda just when it seemed out of chances to pass. 
 
The TPP’s leaders are aiming to finish a deal this summer, meaning at the earliest Congress could vote sometime this fall on the massive agreement that covers 40 percent of the world’s gross domestic product. 
 
Locking in a deal sets up the next fight between Congress and the White House over whether the TPP meets the high standards set by lawmakers.