“The State of Trade” - Laredo EDC...Port Laredo ranks first in the nation for exports among the...
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“The State of Trade” What Laredo Does for the U.S., What Washington Does for Laredo
Transcript of “The State of Trade” - Laredo EDC...Port Laredo ranks first in the nation for exports among the...
“The State of Trade” What Laredo Does for the U.S.,
What Washington Does for Laredo
Ken Roberts
• Contributor to Forbes.com since 2017.
• One of dozen members of Federal Reserve Trade and Transportation Advisory Board, in second term.
• Founder of WorldCity, USTradeNumbers.com, publisher of Port Laredo TradeNumbers, similar publications in more than 20 markets.
• Host of weekly Trade Matters videos.
• Speaker on international trade to fortune 500 companies, national trade organizations and more.
@TradeDataGuy
Posts at Forbes.com Five monthly columns at Forbes.com on trade-related issues.
Monthly data updates online At USTradeNumbers.com, you’ll find individual pages, updated monthly, for every country, more than 450 airports, seaports and border crossings plus 1,800 specific products.
TradeNumbers for download
Downloads available for a
wide variety of
TradeNumbers publications
available at
worldcityweb.com
Visit
youtube.com/ustradenumbers
for weekly updates on
important trade issues.
#TradeMatters: Weekly videos
Connect
• Follow me on Twitter, LinkedIn or at
Forbes.com @TradeDataGuy
Question: What do these things have in common?
Question: What do these things have in common?
Question: What do these things have in common?
Question: What do these things have in common?
Question: What do these things have in common?
Port Laredo helps power the U.S. economy
More than 50 percent of all U.S. imports of these products
enter at Port Laredo
Take 2: What do these things have in common?
Question: What do these things have in common?
Question: What do these things have in common?
Port Laredo helps power the U.S. economy
More than 50 percent of all U.S. exports of these products
exit from Port Laredo
One last time: What do these things have in common?
One last time: What do these things have in common?
One last time: What do these things have in common?
One last time: What do these things have in common?
One last time: What do these things have in common?
One last time: What do these things have in common?
One last time: What do these things have in common?
Port Laredo helps power the U.S. economy
Port Laredo ranks first among more than 450 U.S. airports,
seaports and border crossings for these U.S. imports
Port Laredo helps power the U.S. economy
Port Laredo ranks first for 73 specific
import commodities.
Port Laredo helps power the U.S. economy
Port Laredo ranks in the top five for 245 of the 1,265 specific
import commodities – about 20 percent of all categories.
Port Laredo helps power the U.S. economy
Port Laredo ranks first in the nation for exports
among the 450-plus U.S. airports, seaports and border crossings.
Port Laredo helps power the U.S. economy
Port Laredo is the first U.S. port to top $100 billion in U.S. exports,
accomplished in 2018.
Port Laredo helps power the U.S. economy
Port Laredo is the nation’s second-ranked port,
trailing only the Port of Los Angeles.
Port Laredo helps power the U.S. economy
Connect
• Follow me on Twitter, LinkedIn or at
Forbes.com @TradeDataGuy
Bill Lane • Executive Director of Trade For America,
a coalition supporting the modernization of
NAFTA and KORUS
• Named one of Washington’s top public
policy officials by The Hill newspaper for
11 consecutive years
• A 40-year veteran at Caterpillar, where he
ultimately oversaw global trade policy.
Trade For America Seeks to Highlight the Economic and Strategic Benefits of Trade for the U.S.
The Key to Success... ...is to continually improve U.S. competitiveness—better infrastructure, lower taxes, fewer regulations and better education.
Traditionally, The Biggest Beneficiary Of Trade Is The
Consumer (i.e., You)
Trade and investment
liberalization policies save
the average American
family of four more than
$10,000 per year.
Trade: Front Page News Since 2016
• Safeguard Tariffs On Solar
Panels And Wash Machines
• National Security Tariffs On
Steel And Aluminum
• Intellectual Property Tariffs On
China... Followed By More
And Larger Tariffs
• Aid & More Aid To Farmers
• TPP Without the U.S.
• New Congress
• Threat of Immigration Tariffs
NAFTA/USMCA
USMCA is Better than NAFTA & NAFTA was a Big Improvement
Source: "Trade in Goods," U.S. Census Bureau
Change In U.S. Goods And Services Traded With
Canada And Mexico (1993-2017, In Billions Of Dollars)
$211.66
$81.50
$293.16
$581.58 $557.58
$1,139.17
$0
$200
$400
$600
$800
$1,000
$1,200
Mexico
Go
od
s A
nd
Se
rvic
es T
rad
ed
(I
n B
illio
ns)
Canada Total
1993 2017
Approx. 3 Fold
Approx. 7 Fold
Approx. 4 Fold
• 232 National Security tariffs are an obstacle
• TPP-11 work around could prove costly
Mexico And Canada Are The United States' Largest Export Markets
$600
$500
$400
$300
$200
$100
$0 $42B Korea
$179B Total
Other FTA Countries (18)^
U.S
. G
oods E
xport
s (
In B
illio
ns)
$49B Germany
$31B France
High Population Countries (8)#
$184B Total
$116B China
$137B Other
High Income Countries (4)*
$199B Total
$63B Japan
$55B UK
$68B Other
NAFTA Countries
$496B Total
$267B
$230B
Destination Of U.S. Goods Exports
#High Population Countries: Bangladesh, Brazil, China, India, Indonesia, Nigeria, Pakistan, Russia *High Income Countries: France, Germany, Japan, United Kingdom
^Other FTA Countries: Australia, Bahrain, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador,
Guatemala, Honduras, Israel, Jordan, Korea, Morocco, Nicaragua, Oman, Panama, Peru, Singapore
Canada Mexico
China: Is One Wall Enough?
We had other options for
dealing with China
Who Wins in a Trade War?
No One? 1
The United States? China? 2
Those On The Sidelines
• Soybeans—Brazil (Rain Forest?), Argentina
• Wheat—Australia, Canada, Kazakhstan
• Remember the Soviet Grain Embargo
3
4 Beware of the pre-buys, followed by no-buys!
"Just In Time" vs. "Just In Case" inventory 5
Auto Tariffs Are Next Or is it time to start treating allies like allies?
Trade Prognosis
New Congress: Core partisan beliefs will soon be tested 1
Allies: Car tariffs will test relationships 3
USA/China: World economy slowing, twin engines of
global economic growth at odds 2
USMCA/NAFTA: Failure is not an option 4
TPP: May soon be rediscovered 5
The Best Lobbyist I Have
Ever Met
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A Personal Note
• Allies are the key to resolving our differences with China.
• Unilateral sanctions are almost always costly and
counterproductive. Damage to export markets will be lasting.
• Never lose sight of the importance of improving
competitiveness.
America’s best and worst trade agreement
