Trump's 'America First' push not protectionist: UPS CEO

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Trump's 'America First' push not protectionist: UPS CEO - Reuters

Republican U.S. President Donald Trump's efforts to renegotiate or scrap longstanding global trade deals are not protectionist and are more focused on winning better terms for American businesses, the top executive of United Parcel Service (UPS.N) said on Thursday.

"I have to tell you, we don't consider what we are hearing from the president as protectionist," Chief Executive Officer David Abney told Reuters in a phone interview after the world's largest package delivery company reported a higher-than-expected second-quarter net profit.

"Protectionist would be 'we don't want trade agreements' and just try to protect the U.S. in that regard," he added. "It's much more about having more favorable terms than it is about protectionism."
 
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