U.S. Senators Urge Renegotiation of U.S. Trade Deals

(Reuters – Doug Palmer)

A group of U.S. senators urged President Barack Obama on Monday to back legislation requiring the renegotiation of the North American Free Trade Agreement and a long list of other trade pacts they blame for millions of lost U.S. manufacturing jobs.

“We want trade and plenty of it, but we want trade under new rules. The TRADE Act will help Congress and the White House craft a trade policy that makes sense and learns from our many mistakes over the past couple of decades,” Senator Sherrod Brown, an Ohio Democrat, told reporters in a conference call.

The bill, which has seven co-sponsors in the Senate, shows the strong opposition Obama could face from many members of his own Democratic Party if he pushes for new trade agreements without addressing concerns about past trade pacts. Six Democrats are among the co-sponsors, as well as independent Bernie Sanders. Read more here.