us workers wary of south korea trade pact
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

US workers wary of South Korea trade pact

Arab Today, arab today

Arab Today, arab today US workers wary of South Korea trade pact

Lansing - Arabstoday

Many manufacturers and agri businesses support a new trade deal with South Korea, one reason President Barack Obama and his counterpart from that nation headed to suburban Detroit on Thursday to tour a General Motors plant where cars are being built with South Korean parts. But the pact also will make it easier for South Korea to undercut some US companies, leaving many workers wary of the deal — especially in economically struggling areas. The trade deal Congress passed on Wednesday has the support of the United Auto Workers and the United Food and Commercial Workers. Both say it will create jobs in the US by increasing auto and beef exports. Textile and steel workers say it will cost jobs, and even the US International Trade Commission acknowledges the textile industry is likely to be hard hit. For its part, the Obama administration estimates that the trade deal will generate $11 billion (Dh40.4 billion) in annual US exports and 70,000 jobs. The Economic Policy Institute projects 159,000 US workers will lose their jobs in the first seven years of the South Korea pact, including those in high-wage manufacturing, while the US trade deficit will increase by $16.7 billion. \"America\'s families need a new way forward on trade, one that promotes the export of US goods rather than jobs,\" said Richard Trumka, president of the AFL-CIO, whose 56 unions have a combined 12.2 million members. He made the statement as Congress was passing agreements with South Korea, Panama and Colombia last week. Autoworkers like the fact that the deal will give US carmakers much better access to the South Korean market, immediately allowing 75,000 American cars into the country. The UAW opposed the agreement until the Obama administration made changes to benefit the US auto industry, including protecting against \"surges\" of South Korean vehicles into the US market and phasing out tariffs on its cars and trucks instead of eliminating them immediately. Obama and South Korean President Lee Myung-bak toured General Motors Co\'s Orion assembly plant about 30 miles north of Detroit. Workers there are excited about the visit, said UAW bargaining chairman Mike Dunn. The plant shows the good that can come from free trade, he said, because it\'s where the Chevrolet Sonic sub-compact is being built with Korean parts. GM began building the Sonic a few weeks ago, helped by an agreement with the UAW under which some workers are paid lower wages that are more competitive with those in GM\'s foreign plants. The Sonic\'s predecessor, the Chevrolet Aveo, was built in South Korea. Bill Jasper, president of the National Council of Textile Organisations, sees the pact as a threat. \"This is a dangerous agreement which threatens 40,000 textile and related industry jobs,\" he said. Overall impact likely to be negative United Steelworkers International President Leo Gerard warned that even if autoworkers benefit, the overall impact on US workers will be negative. He fears South Korea will outsource auto parts manufacturing to China and then sell the parts more easily in the US under the trade pact. \"There are more USW-member jobs in the auto-supply chain than jobs in the entire auto assembly sector,\" Gerard said, adding that the trade deal\'s weak limits on how much of a vehicle\'s parts may come from foreign countries\" will cause that US job sector great harm.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us workers wary of south korea trade pact us workers wary of south korea trade pact

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us workers wary of south korea trade pact us workers wary of south korea trade pact

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday