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Jan.9, 2017

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Page 34 of 139 THE JOURNAL OF COMMERCE 33 GOVERNMENT 2017 ANNUAL REVIEW & OUTLOOK Anthony Scaramucci, a senior adviser on the Trump transition team, calls Trump a free-trader looking to make trade deals more fair, not scrap them. "I don't think we're looking to rip up NAFTA as much as we are looking to right-size it and make it fairer," Scaramucci said at a meeting of the bipartisan political organization No Labels. "I don't think anybody in the administra- tion from the top to the bottom is looking for protectionism. We understand the economic harm and the impact that would take." Other trade deals Trump targeted on the campaign trail, including the Trans-Pacifi c Partnership and the Transatlantic Trade and Investment Partnership, were proclaimed dead before Trump won the election. The Republican-controlled Congress shot down the TPP, the cornerstone of the Obama trade agenda, in the run-up to the election, and the UK's stunning June referendum to leave the European Union sealed TTIP's fate. In the near term, there will be no new trade agreements. Business will continue, however, and those in the transportation industry best look to Trump's pick for transportation secretary for insight on how that business will be conducted. Elaine Chao is no new face to Washing- ton circles and has a track record of rolling back regulation and a pro-business reputa- tion. Chao, wife of Senate Majority Leader Mitch McConnell, R-Ky., represents a thor- oughly establishment pick. In addition to serving as labor secretary during the most recent Bush administration — the only member of President Bush's Cabinet to serve an eight-year term — she served as deputy secretary of transportation from 1989 to 1991 under the fi rst Bush administration. Before that, she served as deputy administrator for the DOT's Maritime Administration and as chair of the Federal Maritime Commission in the 1980s. Chao also has roots in the shipping industry. Her father, James S.C. Chao, founded the shipping, trading, and fi nance enterprise Foremost Group in 1964, where he still serves as chairman. Her pro-business approach could be a big win for motor carriers that have faced a Elaine Chao Government What to watch for in 2017 New Administration and Congress Regulation Rollbacks? Infrastructure Plans

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