Bush Loses Trade Negotiation Lever With Collapse of WTO Talks
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Bloomberg - June 22 (Bloomberg) -- The collapse of World Trade Organization talks over a new global agreement leaves President George W. Bush without a lever to prod Congress to renew his trade promotion authority before it expires at the end of this month, lawmakers and business lobbyists say.
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A deal committing Iran to suspend activities that Washington says are part of a nuclear arms program was close to collapse Friday, with diplomats suggesting that Tehran had reneged on an agreement reached with European negotiators just days ago.
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Too often, the consequence of a tight presidential race is the sacrifice of principle to the win-at-all-costs ethos. It should thus come as no surprise that the Bush administration is once again jettisoning prudent trade policy for political calculation.
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Mediators at the World Trade Organization made a bid to salvage a global free trade deal on Tuesday by proposing compromises to overcome impasses in the key areas of agriculture and industrial goods.
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The collapse of a White House-backed  overhaul of U.S. immigration laws was the starkest sign yet of  President George W. Bush&#39;s dwindling influence during a second  term undone by chaos in Iraq and last year&#39;s congressional  election losses, analysts said.
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U.S. officials said India and Brazil were to blame for the breakdown on Thursday of trade talks that some were billing as a final chance to spur the Doha round toward completion.
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Trade powers launched an eleventh-hour  effort to rescue global trade talks on Tuesday as negotiators  prepared for what the United States called a critical week.
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Why EU-US talks on renewing a deal on the transfer of air passenger data collapsed.
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As negotiators try to relaunch global trade talks in Brazil, one says failure to reach a deal could have dire results.
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U.S. President George W. Bush ruled out any easing of the decades-old U.S. trade embargo on Cuba but proposed loosening some restrictions on contacts with the communist-ruled island, if more freedoms were allowed.
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President Bush surrendered to congressional foes yesterday in his fight to install John R. Bolton as permanent ambassador to the United Nations, a harbinger of how the political world has changed since Democrats captured both houses of Congress.
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The Bush administration signed a free-trade agreement with Colombia, despite strong Democratic Party objections that threaten to keep the pact from becoming law. The signing ceremony culminated more than two and a half years of work on the pact, which the White House sees as an important tool for promoting stability in the volatile Andean region. Leading Democrats criticized the Bush administration for signing the trade deal before addressing their concerns about the pactÂs protection for workers.
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Negotiators on Friday were set to plan their next steps at the World Trade Organization after key talks between four leading powers collapsed, casting doubt on whether a long-sought free trade pact can be clinched.
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Lawmakers clashed on Thursday over  the future of trade policy, with many Democrats cheering the  demise of White House &quot;fast track&quot; negotiating authority and  top Republicans calling for its swift renewal.
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The World Trade Organization (WTO) has approved requests by Iraq and Afghanistan to begin membership negotiations, but Iran&#39;s bid for such talks was again blocked by the United States.
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Vietnam's hope to be a World Trade  Organization member by the time President George W. Bush visits  Hanoi in November looked in doubt on Monday after U.S. trade  officials said there may not be a final deal soon.
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LOSING AUTHORITY: President Bush loses his power to seal "fast track" trade agreements if Congress doesn't renew it. Fast track authority gives the president the right to negotiate trade agreements that Congress can accept or reject but cannot amend.