June 2, 2023
Business Confidence Enters Pessimistic Territory
Massachusetts employers turned pessimistic about the economy for the first time since December 2020 last month as the…Read More
Posted on December 1, 2016
What will happen to U.S. trade under the new Trump administration? Which voices in the Cabinet and Congress will prevail? Are free trade deals dead? Will the U.S. impose high tariffs on China and Mexico? Will we become more protectionist? Will companies be punished for creating jobs overseas or rewarded for keeping jobs state-side?
Answers to these questions remain unknown. It’s still uncertain how the new presidential administration will proceed on trade. Although candidate Trump campaigned on a strong anti-trade platform targeting China, Mexico, NAFTA (North American Free Trade Agreement) and the TPP (Trans-Pacific Trade Pact), President-Elect Trump is already softening some of his rhetoric.
AIM has been engaged in discussions with state and federal political leaders, company executives, trade organizations, Congressional staff members, and seasoned trade professionals to understand how to keep US international trade fair and unencumbered and help Massachusetts companies continue to prosper. Here’s what we know:
So, what can you do?
Tell your personal stories about trade – how you identified a new market for your product, how you work with international customers to meet their needs, how you’ve grown jobs at your company because of global trade. Share these stories with your state and federal elected officials”and with AIM. Many jobs depend on trade”that message needs to be delivered to lawmakers.
Stay informed. Participate in events at which trade will be discussed. Strengthen your existing trade relationships. Communicate regularly with your international customers. Reach out to potential clients in new markets. Identify sticky trade problems that need to be solved.
Finally, remember that countries have been trading goods and services across borders since the beginning of time. Presidents and prime ministers may come and go, but trade relationships persist. Even in tough times, good companies find a way to meet customer needs and make deals happen.