Caterpillar CEO urges support of global free trade
Jim Owens, the chief executive officer of Caterpillar, said the equipment manufacturer will see a boost from China's stimulus package before the U.S. stimulus package. Owens also warned against curbing global free trade through "Buy American" initiatives. "The biggest risk of this very serious recession turning into a three-year depression scenario would be a turn toward nationalism and isolationism," said Owens.
USA TODAY | 04/23
This story published in OPEI SmartBrief on 04/24/2009
More from SmartBrief:
Caterpillar CEO unsure of economic recovery timeline
Wednesday, August 5, 2009
Caterpillar sees recovery to pre-recession levels for 2012
Tuesday, August 4, 2009
Some stimulus projects avoid "Buy American" mandate
Friday, September 4, 2009
Get stories like these delivered daily for FREE:
|
OPEI SmartBrief
OPEI SmartBrief is a FREE, daily e-mail newsletter for professionals in the Outdoor Power and Equipment industry. It provides the latest news and information you need to stay informed about important issues impacting your business. Sign up today to receive OPEI SmartBrief. Learn more |
|