GLENDALE, Calif., Nov. 16, 2016 /PRNewswire/ -- Donald Trump's
election to the White House has created uncertainty in the
export and import industry. President-elect Trump's
ambitiously arrogant statements on free trade may result in
tumultuous concerns from global trade partners. Trump has bluntly
stated that he is opposed to the Trans-Pacific Partnership (TPP)
and the North American Free Trade Agreement (NAFTA).
Trump's protectionist position and restraint on foreign
trade with US' current trading partners would result in weaker
investments as well as a drastic slowdown in export import
transactions globally. An evident consequence from weakened
investment and export is a shrinking global market for US companies
who are exporting their goods.
Export Portal believes that President-elect Trump's plans of
withdrawing from its current free trade agreements with
Mexico, China, and other countries is detrimental to
international trade. Increasing the tariff on Chinese
imports to 45%, while renegotiating NAFTA, as well as imposing a
35% tax on American companies who export jobs to other countries
would only increase the price of goods sold in the United States.
According to Stockton
University professor of finance Michael
Busler, there is no guarantee that manufacturing companies
would move back to the US. Busler states that, "all it will mean is
US consumers have to pay 35% more for the products that are made
outside the country."
While Export Portal aims to provide simpler and safer
international transactions to their members, they are also
contributing their part by advocating for free trade agreements
that is fair and beneficial to all parties involved.
Export Portal is able to participate in this type of dialogue
because they are part EXIMA, an international network for exporters
and importers. Through EXIMA, members are not only provided new
opportunities. Members get constant updates and information on
trade regulations – locally, nationally, and globally.
Uncertainty still looms over President-elect Trump's free trade
policies but, as an international trading platform, Export Portal
aims to cultivate a harmonious trading relationship between
countries and businesses. Whether a business is new or
well-established, Export Portal and EXIMA will help businesses
expand, find new opportunities, and boost their profits through
free trade.
For more information, visit ExportPortal.com or call at (800)
289-0015.
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SOURCE ExportPortal.com