Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Texas Instruments Incorporated    TXN

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Texas Instruments Incorporated : Here's what Trump spiking an Asia trade deal could mean for Maine

share with twitter share with LinkedIn share with facebook
share via e-mail
01/24/2017 | 02:02am CET

Jan. 24--PORTLAND, Maine -- The last time New Balance spoke out on trade policy, its shoes ended up in trash cans and on fire.

That might be why the company was silent about winning a years-long trade battle its leaders said would protect about 900 Maine manufacturing jobs from an onslaught of shoe imports from Vietnam.

In one of his first acts in office, President Donald Trump on Monday officially withdrew the United States from negotiations for the Trans-Pacific Partnership, a free-trade deal proposed by former President Barack Obama's administration to lower tariffs and establish new industry standards between the United States and 11 other countries.

Shoes were just a small part of the overall deal but one of the biggest parts for Maine, because of New Balance's factories in Skowhegan and Norridgewock.

On the other hand, semiconductor manufacturer Texas Instruments, which has a South Portland factory, pushed for the deal. It said its product's supply chain through Malaysia and Japan would benefit.

Overall, a study commissioned by the state concluded in November 2016 that the deal would have a modest positive benefit for Maine, which it assessed by projecting economic growth through 2032.

By that year, the report estimated the deal would have resulted in a net gain of 554 jobs and raised real state income by about $212 million. The boost wouldn't be evenly distributed. For example, the study by the Margaret Chase Smith Policy Center at the University of Maine projected wood products output would dip about $18 million.

Federal trade statistics bear out the concerns of both companies, but they also show what a small share of overall trade Maine does with the countries that don't have any kind of free-trade deal with the U.S.

Through November, more goods came into Maine from Vietnam than any other country, and Malaysia was the top recipient of Maine exports. Vietnam sent in more than $28 million in footwear while Malaysia received more than $138 million in electrical machinery and parts.

Nationally, Vietnam exported $4.4 billion in footwear to the United States through November. It was behind China, which exported $13.7 billion to the U.S.

But the deal's impact was not only limited to those newly added countries. It also changed some agreements with existing members of the North American Free Trade Agreement, including Maine's two largest trading partners, Canada and Mexico.

Those countries and the United Kingdom will be a major focus of trade discussions to come, with Trump planning to meet leaders of those countries in the coming weeks. Trump has said he plans to renegotiate NAFTA in ways he said would benefit U.S. workers that have seen multinational companies move manufacturing operations to other countries where labor costs are lower.

That process could have larger impacts for Maine, simply for the amount of seafood and wood products traded to NAFTA member countries. Trade in fish, crustaceans and other invertebrates between Maine and Canada was worth about $604 million through November.

A 2003 analysis of NAFTA by the firm Planning Decisions estimated the deal had by then cost Maine about 800 jobs in wood products, food, pulp and paper and metal manufacturing.

Those types of job losses have made trade an area in which Trump continues to find unlikely allies in the likes of Vermont Sen. Bernie Sanders, U.S. Rep. Chellie Pingree and major labor unions.

Sanders and Pingree praised Trump's executive order Monday, and the Maine AFL-CIO has expressed opposition to the deal in the past, citing deals such as NAFTA as a domestic job killer.

A representative for New Balance said the company did not wish to comment on Trump's latest move, and a representative from Texas Instruments did not return a request for comment.


(c)2017 the Bangor Daily News (Bangor, Maine)

Visit the Bangor Daily News (Bangor, Maine) at www.bangordailynews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
02:02a TEXAS INSTRUMENTS INCORPORATED : Here's what Trump spiking an Asia trade deal co..
01/20 TEXAS INSTRUMENTS INCORPORATED : U.S. Patents Awarded to Inventors in Illinois (..
01/20 TEXAS INSTRUMENTS INCORPORATED : U.S. Patents Awarded to Inventors in Massachuse..
01/20 TEXAS INSTRUMENTS INCORPORATED : - Todd Bluedorn to join TI board of directors
01/20 TEXAS INSTRUMENTS INCORPORATED : expands Bluetooth low energy portfolio
01/20 TEXAS INSTRUMENTS INCORPORATED (NASD : TXN) Files An 8-K Departure of Directors ..
01/19 TEXAS INSTRUMENTS INC : Change in Directors or Principal Officers, Regulation FD..
01/19 TEXAS INSTRUMENTS INCORPORATED : Patent Issued for P-N Bimodal Conduction Resurf..
01/19 TEXAS INSTRUMENTS INCORPORATED : Todd Bluedorn to join TI board of directors
01/19 TEXAS INSTRUMENTS INCORPORATED : board declares quarterly dividend
More news
Sector news : Semiconductors - NEC
01/21DJApple Sues Qualcomm Over Chips -- WSJ
01/21 Apple files $1 billion lawsuit against chip supplier Qualcomm
01/20DJCorrection to inauguration donors article on Thursday
01/12DJSmartphones Turn to Software Advances -- WSJ
01/11DJINTEL : Computer Chips Evolve to Keep Up With Deep Learning
More sector news : Semiconductors - NEC
News from SeekingAlpha
01/23 Notable earnings after Tuesday?s close
01/23 10 Dividend Growth Stocks For January 2017
01/23 Handicapping a potential U.S.-China trade war
01/20 BOEING : Ready To Take Off... You Haven't Seen Anything Yet
01/19 Texas Instruments declares $0.50 dividend
Financials ($)
Sales 2016 13 277 M
EBIT 2016 4 737 M
Net income 2016 3 242 M
Debt 2016 329 M
Yield 2016 2,16%
P/E ratio 2016 23,64
P/E ratio 2017 21,87
EV / Sales 2016 5,65x
EV / Sales 2017 5,46x
Capitalization 74 712 M
More Financials
Duration : Period :
Texas Instruments Incorpor Technical Analysis Chart | TXN | US8825081040 | 4-Traders
Full-screen chart
Technical analysis trends TEXAS INSTRUMENTS...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 76,5 $
Spread / Average Target 2,3%
Consensus details
EPS Revisions
More Estimates Revisions
Richard K. Templeton Chairman, President & Chief Executive Officer
Kevin P. March Senior VP, Chief Financial & Accounting Officer
Kevin J. Ritchie Senior VP-Technology & Manufacturing Group
Ellen L. Barker Chief Information Officer & Vice President
Carrie Smith Cox Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BROADCOM LTD8.05%75 922
More Results