Executive Briefings

FedEx Freight Urges Trump to Reconsider Trade Agreement Benefits

Michael Ducker, president and CEO of FedEx Freight, has joined a chorus of logistics and transportation interests calling for President-elect Donald Trump to honor America's commitment to the Trans-Pacific Partnership (TPP) and bolster extant trade ties. "Trade agreements are the solution, not the problem," Ducker told the 2016 JOC Inland Distribution Conference, adding that his company was "100 percent committed to the Trans-Pacific Partnership."

Ducker pointed out that the United States runs a trade surplus with its 10 largest trading partners. He also noted that those same nations are responsible for 13 times the volume of American exports than the nations that make up the remainder of those same exports. In other words, a trade war with a major trade partner such as China would have real and costly impacts on the U.S. economy and jobs.

While domestic logistics companies might see their trucks navigating fewer potholes if Trump follows through on his trillion-dollar infrastructure investment pledge, deals such as the TPP have never seemed more remote. Trump hasn’t modified or elaborated on his anti-free-trade since winning the election.

That hasn’t prevented Ducker from digging into his pro-trade position. “This country needs TPP. Our customers will benefit from TPP,” he said. “TPP will eliminate tens of thousands of foreign tariffs added onto American-made products.”

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Ducker pointed out that the United States runs a trade surplus with its 10 largest trading partners. He also noted that those same nations are responsible for 13 times the volume of American exports than the nations that make up the remainder of those same exports. In other words, a trade war with a major trade partner such as China would have real and costly impacts on the U.S. economy and jobs.

While domestic logistics companies might see their trucks navigating fewer potholes if Trump follows through on his trillion-dollar infrastructure investment pledge, deals such as the TPP have never seemed more remote. Trump hasn’t modified or elaborated on his anti-free-trade since winning the election.

That hasn’t prevented Ducker from digging into his pro-trade position. “This country needs TPP. Our customers will benefit from TPP,” he said. “TPP will eliminate tens of thousands of foreign tariffs added onto American-made products.”

Read Full Article