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Obama Touts South Korean Trade Deal In Michigan

President Obama and the President of South Korea toured a General Motors plant in Lake Orion today touting a recent trade deal the leaders say will benefit both of their countries. Mr. Obama says the deal addresses concerns by U.S. automakers that it did too little to lift trade barriers to selling the Big Three’s products in South Korea. He says the rare bi-partisan agreement on the trade issue includes support from organized labor, because the deal could allow the U.S. to expand exports by more than 10 billion dollars while safeguarding 70,000 American jobs. Mr. Obama said, “Now here’s the thing. We live in a global economy. And that means most of the potential customers for American companies like GM won’t just be here in the United States, they’ll be all around the world. And the more goods and services we sell abroad, the more jobs we create here at home.” The trip also gave Mr. Obama a chance to highlight the federal bailout of the auto industry, the core industry in a state where native son Mitt Romney is the frontrunner to be his Republican opponent in the next presidential election.