Port authorities concerned about Trump
The US president wants to finance his planned increase in the US defense budget, and it may include going beyond the budget of the government-funded US ports. And that worries port authorities.
"We are concerned about our 2018 budget. Appropriate federal investments in the US port-related infrastructure, both on the land side and on the water, are essential for effective movement of goods, so the nation can remain globally competitive," says Kurt Nagle, CEO of the American Association of Port Authorities (AAPA ) according to Maritime Executive.
Two financing programs, which together have provided ports with $ 162 million are expected to be hit by significant cuts.
"Activities in the US ports account for more than a quarter of the country's economy, supporting 23 million US jobs and generate more than $ 320 billion annually in federal, state and local taxes. It is vital that federal authorities fulfill their share of the partnership with the ports, so that the country can get a trade transport system in place that fits the 21st century," says Kurt Nagle.
The ports can also be affected by the president's proposed cuts of 31 percent of the budget of the US Environmental Protection Agency as the money here has helped to reduce port-related diesel emissions through support for the purchase of more environmentally friendly trucks and ships.
Source: Maritime Executive / Maritime Denmark