Cummins CEO Says U.S. Jobs Dependent On Great Trade Relations With China
WASHINGTON, D.C. -- Addressing the Business Roundtable organization Tuesday morning in Washington, D.C., Cummins CEO Tom Linebarger says his company is dependent not just trade with other countries, but primarily China.
"The biggest market for Cummins outside the U.S. is China. It's the largest truck market in the world, it's growing the fastest, so by being present in China, that's had a lot to do with why we're able to add jobs in the U.S." says Linebarger.
"More than 5,000 of our jobs in the U.S. relate strictly to our overseas operations," according to Linebarger who says great trade relations with China has led to the company's recent growth and success.
"Our trade relationship with China is critical to our company. I really can't think of any relationship besides NAFTA that is more critical to Cummins," says Linebarger.
The company, based out of Columbus, Indiana, manufactures diesel engines for trucks and large machines.
Linebarger appeared at the Business Roundtable organization to have a conversation about foreign trade, along with former U.S. Senator Max Baucus (R-MT). The keynote speaker was U.S. Senator Orrin Hatch (R-UT) Chairman of the Senate Committee on Finance.
The conversation stems from recent comments made by President Donald Trump, who suggested the U.S. should impose steep tariffs to aluminum and steel imported into the U.S. The Economic Times on Tuesday reported on Tuesday that President Trump is preparing to hit China with a $60 billion annual tariff package to punish the country for intellectual property theft.
Photo: Melissa Miller / Melissa Miller Photography