Commerce Dept. worried over US leadership

Undersecretary of Commerce for International Trade Christopher Padilla says that the United States will cede its economic leadership in Asia if Congress fails to pass the Korea Free Trade Agreement, increasing the likelihood that the United States will be left out of future trade agreements. (0:44)

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Undersecretary of Commerce calls China America’s new bogeyman

Under Secretary of Commerce for International Trade Christopher Padilla says China has replaced Japan as the “bogeyman of the 21st century,” adding that the United States’s reluctance to participate in free trade with Asia is comparable to an Olympic sprinter calling for a timeout as the race starts. (0:54)
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