Morning Update: Confronting the Deficit
Sen. Barack Obama (D-IL) responded to news of the U.S. trade deficit on Tuesday, criticizing “special interest-driven economic policies” that he said will increase the deficit but “won’t help American automakers secure fair treatment in South Korea, and won’t ensure that China stops devaluing its currency and tilting the playing field against American workers.”
In a speech on economic policy on Tuesday, Sen. John McCain (R-AZ) said he would not renegotiate NAFTA, and repeated his promise that if he is elected, the United States will “honor its international agreements, including NAFTA, and we will expect the same of others.”
Colombian newspaper El Tiempo reported Tuesday that McCain is planning a trip to Colombia (Politico) in July to meet with President Alvaro Uribe about the U.S.-Columbia free trade agreement, among other topics.
