CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC's Jim Cramer, explaining why he thinks his company is well-positioned.
"From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere," Hinrichs said.
"If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it."
President-elect Donald Trump is expected to raise tariffs substantially when he takes office, which could change trade patterns, especially with China.
Hinrichs also suggested that an increase in domestic manufacturing would be positive for CSX, something that could be bolstered by the Trump administration's tariff policies.
Persons:
Joe Hinrichs, CNBC's Jim Cramer, Hinrichs, Donald Trump, it's
Organizations:
CSX, Trump
Locations:
U.S, East Coast, China, West Coast, Chicago, Memphis, America