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The Three Key Economic Issues Obama Will Tackle In His First Asia Trip

By , Associate Editor, Money Morning •

When U.S. President Barack Obama this week makes his first visit to Asia as the nation's chief executive, he will have no shortage of issues to address. However, there are three key subjects that he will pay particular attention to.

  • China's currency, the yuan, which Beijing keeps undervalued to boost exports.
  • The large trade imbalance between China and the United States.
  • And a pending free trade agreement (FTA) with South Korea.

Analysts believe President Obama will push to ratify a free trade deal with South Korea that was signed in 2007 but has failed to pass legislatures in both countries. Many also hope he will pursue other agreements like it.

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  1. […] Money Morning: The Three Key Economic Issues Obama Will Tackle In His First Asia Trip […]

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  2. […] to reach $143 billion so far this year. The currency debate will be part of the discussion when U.S. President Barack Obama visits China starting Monday. Because China’s yuan has strengthened so much, goods made in China may not […]

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  3. […] As expected, U.S. President Barack Obama yesterday (Tuesday) in a summit with Chinese President Hu Jintao urged Chinese policymakers to let the yuan appreciate. "I was pleased to note the Chinese commitment made in past statements to move toward a more market-oriented exchange rate over time," President Obama said as he stood next to Hu, who avoided the topic in his speech and instead spoke of the need to keep in close contact on "macroeconomic and financial policies and continue to consult, on an equal footing, to properly resolve and address economic and trade frictions." […]

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  4. […] to reach $143 billion so far this year. The currency debate will be part of the discussion when U.S. President Barack Obama visits China starting Monday. Because China's yuan has strengthened so much, goods made in China may not […]

    Reply

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