‘A disaster’ for US logistics: Logistics chief
- by admin
US logistics chief Jim Murphy on Friday said he is “aghast” at what he described as a “disaster” for US exports to Europe, with the US shipping to Europe set to hit $1.3 billion in 2016.
In an interview with CNBC, Murphy said the situation in Europe is “very dire” and “could be a very, very bad year for US businesses.”
Murphy said the “trade imbalance is a problem” and said the US needs to “be proactive” and work with other countries to resolve it.
“We are not going to be able to continue to trade in the same way, that’s a disaster for our businesses,” he said.
“The world is watching this very closely, and I think we need to be proactive and work together to find solutions.”‘
I think this is a disaster’The US, he added, “has to be very, well, proactive.”
“It’s a very bad time to be a US exporter,” Murphy said.
“The world watches closely.
I think this, this is just another example of this global problem that we have, and it’s going to affect us for years to come.”
On Friday, US Commerce Secretary Peter Navarro said the administration is working to ease the burden on the American market.
US logistics chief Jim Murphy on Friday said he is “aghast” at what he described as a “disaster” for US…
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