U. s. companies uncertain of nafta trading under trump administration _ kpbs


Each time Trump attacks the North American Free Trade Agreement, known as NAFTA, the executives at a 130 year-old railroad company in Kansas City, Mo., hold their breath. Fundamentals of futures and options markets pdf 8th Like a lot of U.S. Famous quotes by famous people companies, cross-border trade accounts for a lot of Kansas City Southern’s business.

As the trains depart, they head south to Mexico, carrying American corn, chemicals and car parts. Eur usd rate When they come back, they’re loaded with items such as refrigerators, finished cars and beer. Euro to inr chart This is the daily scene for Kansas City Southern trains as they continue the old-school, steel-in-the-ground, heavy industry that was built slowly over decades and centered largely around trade with Mexico.

“They are the NAFTA railroad, so anything that’s going to negatively affect potential trade with Mexico is going to be a negative for Kansas City Southern,” says Jason Seidl, a railroad analyst with Cowen and Company.

Seidl says Trump’s presidency threatens that trade. Eu to usd Trump has targeted the nearly $60 billion trade deficit with Mexico by threatening to punish companies moving production there, and adding a tariff. Dollar vs rupee exchange rate today As he told Scott Pelley on 60 Minutes, he’s taking a hard look at NAFTA.

The stock market is up, sharply, since Trump’s election, with investors betting that lower taxes and less regulation will boost most companies’ bottom lines. Usd to inr exchange rate history The Dow Jones Railroad Index has climbed about 25 percent since the election. Exchange rate ksh to usd But, Seidl says Trump’s protectionist threats have pushed down the price of Kansas City Southern stock.

“Uncertainty is sort of the No. Gender roles in society today 1 killer for stock performance, and that’s what we have right now,” Seidl says. Exchange rate usd eur “We’re one tweet away from it underperforming the group that day, and based on the president’s current tweet rate, that could be a lot of tweets between now and the end of the year.”

“This was a big plant and it was going to be served by Kansas City Southern,” says Tony Hatch, a senior transportation analyst with ABH consulting. Convert cad to usd “It had business going north and south. Gender inequality research paper And that would have been a minor blow — I think the symbolism makes it a major blow.”

Hatch says Kansas City Southern serves about a dozen other Mexican auto assembly plants, so losing one new one isn’t crushing. Pound dollar exchange rate today But he says Trump is upending carefully laid plans, on both sides of the border.

“For Kansas City Southern, it’s been very painful,” Hatch says. How does the oil futures market work “They’ve done everything they could. Pound usd forecast They’ve invested a lot of money. Eur usd candlestick chart They’ve created a really good network. Usd to malawi kwacha So, all of the sudden, you’re playing some kind of complicated game, and you get right to the point where you’re going to be a leader in the game, and they say, ‘Ah, sorry, here’s a new set of rules.'”

Of course, NAFTA has long inspired fierce opposition, traditionally from the left, and opponents argue that a “new set of rules” is long overdue. Words to binary NAFTA’s been in place for almost a quarter of a century. Commodity meaning in tamil Its critics say the agreement has cost hundreds of thousands of American jobs, and depressed American wages.

Supporters say the trade agreement has boosted trade with Mexico enormously, and kept prices down for consumers. Cattle futures market prices Andrew Selee, vice president at the Woodrow Wilson Center, argues that the free flow of capital and goods has actually preserved a lot of North American manufacturing.

“Getting closer together in trade is a good thing for all the economies,” Selee says. Usd aud forecast “We’re able to compete against Europe and Asia, and other parts of the world.

Few think trade between the U.S. Ashley furniture store credit card and Mexico will shut down forever, but it’s likely to change under this administration, in ways that seem increasingly hard to predict.