Trump came to power, the US government paid more attention to infrastructure projects. Recently, US President Trump reached an agreement with the Democratic Party to agree to a $2 trillion infrastructure plan, which will bring a large demand for sand and gravel to the United States.
By the end of last year, the price of sand and gravel in the United States was on the rise, with an overall increase of 5% in the fourth quarter of 2018. Taking Huoshen Material, a famous sand and gravel enterprise in the United States, as an example, although the cost of diesel oil continues to rise, the profit of sand and gravel aggregate of the enterprise has increased significantly, with an average profit of about $5.6 per ton in 2018 and a gross profit rate of about 40%.
US President Donald Trump and Democratic leaders agreed on April 30 to spend $2 trillion on US roads, bridges, power grids, water and broadband infrastructure, but will leave the thorny details of how to pay for it to the next meeting in three weeks.
On April 30, the two sides met at the White House and used positive words to describe their discussions, but several media outlets said the atmosphere of cross-party cooperation might not last long. Republicans are reluctant to roll back the tax cuts in Trump's 2017 tax reform law, and Democrats, who are mainly opposed to tax cuts, have proposed that tax revenue be used to fund infrastructure projects.
White House economic adviser Larry Kudlow said Mr. Trump has not yet decided whether to support funding the infrastructure plan through an increase in fuel taxes.
However, the meeting between Trump, House Speaker Pelosi and Senate Democratic leader Schumer was in marked contrast to previous heated discussions on immigration and border security. "We just had a very productive meeting with the president of the United States," Pelosi told reporters at the White House after the
meeting. We did come to an agreement that was big and bold.
Schumer said Trump would like the bill to mention a large number. "We have a consensus on the numbers," he said. "It's huge. It's going to be $2 trillion in infrastructure.". We originally proposed a lower amount, and even the president himself wanted to raise the amount to $2 trillion.
The White House described the meeting as "excellent and constructive" and said it would hold another meeting within three weeks. "The United States has not discussed proper investment in infrastructure for years, foolishly putting the interests of other countries ahead of our own," White House spokesman Sarah Sanders said in a statement. "The president looks forward to working across the aisle to get things done for Americans," the statement said.
However, Mick Mulvaney, Mr Trump's chief of staff, said a deal was unlikely because Democrats would not support environmental deregulation and the White House wanted to speed up construction. "I think the United States-Mexico-Canada Agreement (USMCA) has a better chance of passing than the infrastructure bill," Mulvaney said at the Macon Institute Global Conference in Beverly Hills.
Republican Senator John Kennedy opposes proposals to fund through borrowing or higher taxes. "I am all for more infrastructure," he said. They may agree to spend $18 trillion. The question is how.
In recent years, the "trade war" between China and the United States is still going on, and the competition between the two countries is becoming increasingly fierce. The central and local governments of China are making every effort to promote infrastructure construction projects- "2.15 trillion yuan of local debt, 1.8万亿元公路水运投资, 800 billion yuan of railway investment, this year's demand for sand and gravel aggregates is unprecedented." As China and the United States attach great importance to infrastructure projects and spend a lot of money to promote them, sand and gravel aggregate, as an indispensable, irreplaceable and largest raw material for infrastructure construction, may "influence" the progress of Sino-US competition!
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