Trump’s Global Infrastructure Opportunity
In his inaugural address, President Donald Trump reiterated a central policy priority of his campaign: the need to invest in our nation’s crumbling infrastructure. Last week, Senate Democrats introduced their own $1 trillion infrastructure plan. What has garnered less attention is the critical demand for infrastructure overseas, estimated at $4 trillion annually, that presents significant strategic and commercial opportunities for the United States. Yet the infrastructure arena is also one of fierce competition where other countries are leading and U.S. firms are lagging. As officials who recently concluded their service at the U.S. Departments of Commerce and State, we traveled across the globe leading U.S. business delegations and engaging foreign officials in support of our companies and job creation at home. While the United States has made strides in shoring up its competitiveness in the infrastructure sector, more can and must be done.