Categorized | CPA, Economy

Michael Stumo Quoted in Reuters/Fox Business on Russia Trade

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Michael Stumo, CEO of CPA, was quoted an article by Nick Zieminski that appeared in Reuters/Fox Business News entitled, “Analysis: U.S. manufacturers turn to Russia, with Love”

Mr. Stumo was quoted as follows:

“We’ve had a worsening trade deficit despite (being) promised otherwise with a series of multilateral or bilateral agreements,” said Michael Stumo, CEO of the Coalition for a Prosperous America, a group pushing U.S. trade reform. Overall U.S. exports to Russia could double to about $19 billion a year if PNTR is passed, says the Business Roundtable, which argues that the U.S. is falling behind other exporters, especially European ones.

More sales for a company like Caterpillar are a good thing, Stumo said, “but that’s different than the country’s interest.”

The full article can be found here.

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