By
Team Writer
/ February 1, 2017
The main components of TEA are consumption, investment, exports, imports and government. Dieli said the composition of TEA growth will continue to change. “We expect improvements in Truckable Fixed Investment and Truckable Exports. The adjustment to structural transformation will continue; of special concern is the implementation of electronic logging device regulations.”
Key Takeaways:
- Candidate Donald Trump made scrapping or reworking various free trade agreements the United States is party to a central theme of his presidential campaign last year.
- Such rhetoric was highly popular with his supporters. And in his first full week in office, President Donald Trump has made reexamination of international trade agreements a top priority for his administration.
- But the North American trucking industry has benefited greatly from various free trade agreements – notably the North American Free Trade Agreement (NAFTA). In the past week, President Trump pulled out of the Trans-Pacific Partnership and angered Mexico with his insistence that NAFTA be renegotiated to give the U.S. a stronger commercial hand while creating a funding stream that would have the Mexican government pay for a wall along the southern border to check illegal immigration into the U.S.
“Last summer, the U.S. Department of Transportation reported that cross-border trade generated by NAFTA was worth $89 billion to the trucking industry.”