Unilateral Tariffs Put Cummins In Difficult Position | News, Sports, Jobs
You might have noticed Cummins referenced in the news recently, in articles in which I emphasize both the importance of trade to our continued success and the impact of tariffs on our business. This is intentional, and part of a strategy and work that has been happening across the company for several years now. It has escalated in the past few months given all that is happening around the world on this issue, and I want to share with you what we are doing and why we are doing it.
First, I’m vocal about trade issues and spend a lot of time advocating for open and fair trade agreements because trade has been the single most significant contributor to growth for Cummins for more than a decade. That growth allows us to attract and retain our greatest asset, our world-class employees, while also improving the communities in which we live and work.
Not only does trade benefit Cummins, but the hundreds of businesses we work with and supply us critical parts and services. It’s all interconnected, and in a trade war, there are no winners, only losers.
Second, for our company to continue to be successful, we must be able to access global consumers with high-quality and competitively-priced products. Just five percent of the world’s consumers live in the U.S., and that number is decreasing. Half of our business is outside of the U.S., and if our ability to ship globally is impaired, it impacts our business across the board.
There is definite room for improvement in our international trade a....