Obama FAIL! He can’t reach agreements on two international deals to help U.S. economy at G20
Another day of failure for Obama. According to Politico, Obama failed to reach agreement on two international deals that would help the U.S. economy. Obama failed to achieve a free trade agreement with South Korea. Obama also failed at reaching a deal with Germany and China for reducing their trade surpluses with the U.S.
On trade with Korea, there were indications that the delay was mostly intended to show that Obama did his best to improve a deal first negotiated in 2007 under President George W. Bush. Obama signaled in June that he viewed the trade pact as a way to improve ties with South Korea and thus strengthen U.S. efforts to maintain peace with North Korea. A failure to reach agreement would badly damage relations with Seoul.
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