Cargill CEO: Ripping up NAFTA would cost us $11 billion
Cargill chairman and CEO Dave MacLennan has not been shy about his support of global trade, and his confusion over whether President Trump's rhetoric on the subject is a negotiating tactic or a legitimate threat. Axios caught up with MacLennan on the sidelines of the Bloomberg Global Business Forum in New York. Some takeaways:
Top-line loss: Cargill believes that the dissolution of NAFTA – sans replacement – would result in a 10% haircut to company revenue, which totaled around $110 billion in the most recent fiscal year. For context, Forbes lists Cargill as America's largest privately-held company.