Biden and President Barack Obama will announce a trade deal Tuesday that will create hundreds of thousands of jobs and help the economy rebound from a prolonged recession.
The deal, to be signed by Obama at the White House, will help spur growth and create hundreds more jobs in the U.S. The trade deal will also help to reduce the trade deficit between the U,S.
and China, which together account for about half of the world’s trade.
Biden said in an interview that he plans to unveil the deal later Tuesday.
He said that if it goes through, it will create “millions of new jobs.”
“Today, our nation’s economy is the envy of the entire world, but it’s also a fragile one,” Biden said.
In the interview with CBS’ 60 Minutes, Biden also said that he thinks his administration is ready to negotiate the deal. “
When this deal goes into effect, it’s going to provide millions of new American jobs and billions of new dollars for our economy.”
In the interview with CBS’ 60 Minutes, Biden also said that he thinks his administration is ready to negotiate the deal.
He told the interviewer that he is hopeful that if there is an agreement, it is “on the table.”
Biden said he is looking forward to the next step, and he hopes that “we get it done” on Tuesday.
The administration is expected to be able to finalize the deal by Tuesday.
Biden will be the first sitting president to sign such a deal.
Earlier this month, the administration said that it expects to get approval from Congress and a full Senate by the end of the week.
The deal will help U.K. exports to China by allowing the U to export more products to the Chinese market, a boon for U.L.G.U. members that include Britain, Germany and France.
Biden told the CBS interviewer that the U will be making “a substantial contribution to the global economy,” adding that the trade deal “will create a lot of jobs here at home.”
BIDEN: The U.s. is going to be making a substantial contribution, a significant contribution to global trade.
The fact is, the Chinese are going to take a long time to realize their full economic potential.
The Chinese have to figure out how to do this.
And we’re going to make sure that we do it in a way that’s fair and that’s transparent, in a fair way.
ABC News’ Dan Levine and The Associated Press contributed to this report.
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