Railroad Executive Not Worried About US Trade Policy

The head of America’s largest railroad isn’t worried about disruptive changes to trade policy from the coming presidential administration.

“I’m optimistic that they’ll get trade right from the perspective of, when you really look at how goods trade works, it’s virtually impossible to unwind what’s been created to this point,” said Lance Fritz, chairman, president and CEO at Union Pacific. He was speaking Tuesday at a Reuters Breakingviews panel on predictions for 2017.

About 12 percent of Union Pacific’s traffic is to and from Mexico, he said. That includes freighting soybeans from Missouri to processing plants in Mexico, before sending the finished product back to the United States. It makes sense financially to send the soybeans across the border because of the North American Free Trade Agreement (NAFTA).

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza