As the Trump administration continues to navigate the future of U.S. foreign trade policy, including imposing tariffs and renegotiating international agreements, Cummins Inc.’s top executive said foreign markets are vital to the health of the Columbus-based company.
The ability for Cummins to export goods to countries such as China, India and Mexico is a big reason it is doing well in sales, Chairman and CEO Tom Linebarger said. Cummins set quarterly sales records each of the past two quarters: $5.476 billion in the fourth quarter of 2017, and $5.570 billion for the first quarter of 2018.
Sales to international markets have fueled Cummins’ growth from a diesel engine maker into a global power and technology company, he said.
“For Cummins, trade has been the biggest and most important economic trend for the last couple of decades. I don’t mean to be overly dramatic, but we just wouldn’t be here if it weren’t for the fact that international trade got going in industrial goods in a big way,” Linebarger said in a Monday interview, in advance of today’s annual shareholders meeting.
For the full story click here.