The State of Trade What Laredo Does for the U.S., What Washington - - PowerPoint PPT Presentation

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The State of Trade What Laredo Does for the U.S., What Washington - - PowerPoint PPT Presentation

Feb 03, 2024 212 likes •714 views

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

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“The State of Trade”

What Laredo Does for the U.S., What Washington Does for Laredo

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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

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Posts at Forbes.com

Five monthly columns at Forbes.com on trade-related issues.

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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.

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TradeNumbers for download

Downloads available for a wide variety of TradeNumbers publications available at worldcityweb.com

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Visit youtube.com/ustradenumbers for weekly updates on important trade issues.

#TradeMatters: Weekly videos

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Connect

  • kroberts@worldcityweb.com
  • Follow me on Twitter, LinkedIn or at

Forbes.com

@TradeDataGuy

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Question: What do these things have in common?

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Question: What do these things have in common?

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Question: What do these things have in common?

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Question: What do these things have in common?

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Question: What do these things have in common?

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Port Laredo helps power the U.S. economy

More than 50 percent

  • f all U.S. imports
  • f these products

enter at Port Laredo

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Take 2: What do these things have in common?

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Question: What do these things have in common?

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Question: What do these things have in common?

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Port Laredo helps power the U.S. economy

More than 50 percent

  • f all U.S. exports
  • f these products

exit from Port Laredo

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One last time: What do these things have in common?

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One last time: What do these things have in common?

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One last time: What do these things have in common?

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One last time: What do these things have in common?

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One last time: What do these things have in common?

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One last time: What do these things have in common?

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One last time: What do these things have in common?

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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

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Port Laredo helps power the U.S. economy

Port Laredo ranks first for 73 specific import commodities.

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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.

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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.

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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.

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Port Laredo helps power the U.S. economy

Port Laredo is the nation’s second-ranked port, trailing only the Port of Los Angeles.

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Port Laredo helps power the U.S. economy

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Connect

  • kroberts@worldcityweb.com
  • Follow me on Twitter, LinkedIn or at

Forbes.com

@TradeDataGuy

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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.

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Trade For America Seeks to Highlight the Economic and Strategic Benefits of Trade for the U.S.

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The Key to Success...

...is to continually improve U.S. competitiveness—better infrastructure, lower taxes, fewer regulations and better education.

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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.

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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

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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 Goods And Services Traded (In Billions) 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

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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. Goods Exports (In Billions) $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

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China: Is One Wall Enough?

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We had other

  • ptions for

dealing with China

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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

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Auto Tariffs Are Next

Or is it time to start treating allies like allies?

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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

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The Best Lobbyist I Have Ever Met

46

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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.

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America’s best and worst trade agreement