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Union Pacific CEO signals caution on Trump's China tariff threat

NEW YORK/LOS ANGELES, June 19 (Reuters) - Union Pacific Corp's chief executive said another round of tariffs on Chinese goods could badly hurt his railroad and the U.S. economy, but he feels U.S. President Donald Trump is listening to his concerns. CEO Lance Fritz listed trade as one of the reasons the company has taken a more negative tone in its growth outlook. The Omaha, Nebraska-based company's rail network covers 32,000 route miles (51,000 km) in the Western two-thirds of the country and includes the Los Angeles/Long Beach port complex, which handles the most China ocean cargo in the United States. That has hit close to home for Union Pacific, which said in April that agricultural shipments from its home state and around the Midwest tumbled since China slapped retaliatory tariffs on U.S. soybeans.

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