WASHINGTON (AP) - President Barack Obama is pushing a new initiative to boost U.S. exports by enforcing trade deals and promoting American-made products overseas.
An administration official says Obama will issue an executive order Thursday creating an Export Promotion Cabinet of federal agencies whose work affects exports. The president is instructing the government to use every resource to support his National Export Initiative.
The official discussed the plan ahead of the announcement on condition of anonymity.
Two prominent business leaders will be named to lead the President's Export Council, an advisory committee on international trade. They are the president and CEO of The Boeing Co., Jim McNerney, and the CEO of Xerox Co., Ursula Burns.