FedEx's Smith Critical of Trump Opposition to NAFTA, TPP
FedEx Corp. founder Fred Smith says withdrawing from the North American Free Trade Agreement, as advocated by President-elect Donald Trump repeatedly in the 2016 presidential campaign, would be “catastrophic for the U.S. economy” and “have massive economic repercussions.”
During remarks Friday, Dec. 9, at the National Competitiveness Forum in Washington, D.C., Smith also defended the proposed Trans Pacific Partnership agreement that Trump as well as Democratic presidential nominee Hillary Clinton came out against during the campaign.
“American workers and businesses need agreements like the Trans-Pacific Partnership,” Smith said, according to a transcript of his remarks posted Friday afternoon by FedEx. “It’s an important step toward achieving free trade agreements between the United States and 11 other countries in the Pacific Rim. We are 100% behind the TPP. This recently negotiated agreement will unlock more trade opportunities with the other fast-growing TPP countries.”
Smith said the Trump administration should work toward improving TPP and updating NAFTA, some of which can be done through TPP provisions.
Read more: https://www.memphisdailynews.com/news/2016/dec/10/fedexs-smith-critical-of-trump-opposition-to-nafta-tpp/
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