President Obama singled out the CEO of a Fremont company during a trade roundtable Wednesday at the White House.
The meeting – with seven small-business executives from around the nation plus the mayors of Philadelphia and Tampa – was to discuss “the opportunities and benefits of trade as well as the challenges that small business exporters face,” the White House said.
U.S. businesses are selling more made-in-America goods and services around the world than ever before, which builds job growth. But the President wants Congress to give him trade promotion authority to finalize new trade deals that will build on the momentum, while progressives argue U.S. workers will get a raw deal under these expanded trade agreements.
“The perception sometimes is … that the trade agenda is only important for big companies, big corporations, big Fortune 500 or 100 companies,” Obama said at the meeting. “Well, the group that’s sitting around here is made up of small business people or medium-sized business people who are seeing their businesses directly benefit from exports — as well as a couple mayors … who can account for hundreds of thousands of jobs and tens of billions of dollars of sales coming out of their region as a consequence of exports.”
Among the executives at the table was Steve Basta, CEO of Fremont-based AlterG, which makes “anti-gravity” treadmills and a bionic leg – products aimed at shortening recovery times, reducing injury, and improving mobility for patients.
“Steve Basta with AlterG has created — or has a company that’s created, new technologies for medical rehabilitation,” Obama said. “He’s able to sell his products overseas, but what he’s finding is in some countries you’ve got tariffs that make his products more expensive and that means fewer sales.”
“And so this is not just the Boeings and the General Electrics that benefit” from trade promotion authority, Obama said “It’s also small businesses and medium-sized businesses directly benefit.”
AlterG is in Rep. Mike Honda’s 17th Congressional District. Honda, D-San Jose, in 2013 joined most House Democrats in signing a letter opposing fast-track trade promotion authority – which they said usurps Congress’ authority over trade matters – both for the Trans-Pacific Partnership pact Obama is trying to seal and for any future trade agreements.
“Twentieth Century ‘Fast Track’ is simply not appropriate for 21st Century agreements and must be replaced. The United States cannot afford another trade agreement that replicates the mistakes of the past. We can and must do better,” that letter said. “We are deeply committed to transforming U.S. trade policy into a tool for creating and retaining family-wage jobs in America, safeguarding the environment, maintaining consumer protection and improving the quality of life throughout the country.”