America’s trade policy may seem remote and technical, but it has a significant impact on the strength of our economy and the lives of millions of Americans. If the companies you buy from everyday also sell their products to customers abroad, they are more likely to expand and create jobs here at home. In fact, trade has played an indispensable role in America’s resurgence from the Great Recession – accounting for nearly one-third of our overall economic growth since the end of the recession in mid-2009.WHY WE TRADE
WORTH A SHARE: 5 ways trade is linked to our economic strength.
- Made-in-America exports are a growing pillar of our 21st century economy:
Last year, we broke the record in American exports for the fifth year in a row, selling $2.35 trillion in goods and services abroad – more than ever before.
- The more we sell abroad, the more jobs we support here at home:
In fact, U.S. exports supported 11.7 million American jobs in 2014, an increase of 1.8 million since 2009.
- Those jobs tend to pay better wages than non-export related jobs:
In fact, businesses that sell their products abroad pay up to 18% more than businesses that don’t.
- Ninety-five percent of the world’s potential consumers live outside our borders:
To ensure our economy keeps pace with China and the rest of the world, we have to ensure our entrepreneurs have access to the fastest growing markets so they can expand here at home.
- High-standard trade helps level the playing field for American workers:
Enforceable protections for our workers and environment in trade agreements like TPP will help our workers compete and win.