Trump has talked up protectionist measures taking aim at the likes of China, sparking fears of a trade war with the world’s second-largest economy, and criticizing pacts like the North American Free Trade Agreement (NAFTA). Trump has vowed to re-negotiate the NAFTA – a trade agreement between the U.S., Mexico, and Canada.
Earlier in the day, World Economic Forum founder Klaus Schwab said the U.S. elections showed the “anger of people against globalization and against the elites which they feel have benefited.”
The anti-global sentiment was a key part of Trump’s election campaign, and his short time in office has shown his willingness to talk about changing the way the U.S. trades with the world.
DP World is no stranger to the U.S. The company made a $6.8 billion bid for some U.S .ports in 2006 but the deal was derailed by lawmakers who said it poses a threat to national security. The DP World chairman said there is nothing stopping the company going into the U.S. now but there are no projects that look “viable.”
“There is already over capacity basically and so we always watch the market if we can find the right approach we can get in, we haven’t found [it] so far,” bin Sulayem said.