FedEx's founder and chairman blasts Trump's protectionist rhetoric
FEDEX's founder and chairman Fred Smith criticised president-elect Donald Trump's repeated statements against global trade and called on him to drop his protectionist rhetoric.
While supporting Mr Trump on improving infrastructure and reducing debt, Mr Smith called on him to adopt a pro-trade stance and reduce his tendency to isolate the United States from the rest of the world, the New York's Air Cargo World reported.
Speaking at a recent forum sponsored by the National Council on Competitiveness (NCCF), Mr Smith said: "History shows that people have always wanted to travel and trade. Today that desire is stronger than ever. With our constantly growing digital economy, almost anyone with a mobile phone can reach new markets in nanoseconds, funnelling tremendous digital connectivity into more buying power, more economic growth, and a higher standard of living."
Mr Smith said that Mr Trump's vilification of trade deals, such as the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP), is wrong-headed, as they help bind the economies of the member parties together into symbiotic relationships.
Rather than pull out of these agreements, he said, the Trump administration should focus on tweaking aspects to improve them in light of today's e-commerce-driven economy.
"Trade has made America great, and expanding trade has been a bi-partisan pursuit for over 80 years," Mr Smith concluded. "The failure to continue to do so would be a severe mistake with enormous consequences for America and the world."