Trade is the lifeblood of America. It strengthens our businesses, empowers our consumers with near-infinite choices of goods and services at affordable prices, grows our economy and employs tens of millions of workers.
Indeed, the American Dream simply wouldn’t be possible without trade. From the food on your table to the gas in your car, trade makes it happen.
America doesn’t just engage in trade — it depends on it. In fact, more than a quarter of the U.S. economy was supported by trade in 2017.
Our workers depend on trade. Nearly 36 million American jobs — 1-in-5 jobs in total — rely on international trade, a number 148 percent higher than in 1992. In a little over a quarter of a century, free trade has provided employment to tens of millions more Americans, providing higher wages for workers and lower costs for companies and consumers.
Our businesses rely on trade, too, and not just the largest companies. Nearly 98 percent of the roughly 300,000 U.S. companies that export their goods are small to midsized businesses. What’s more, smaller companies accounted for one-third of our merchandise exports.
The emergence of free trade agreements and organizations — which have dropped barriers to trade such as quotas and tariffs across the globe — has tripled the number of small to midsized firms that export over the past 20 years. And, of course, our farmers rely on international trade to sell their products, from soy to pork producers, both of which export extensively to China.
Trade has also empowered consumers with a wider array of goods at prices that don’t break the bank. Year after year, prices for consumer goods drop while other countries offer a smorgasbord of their exports, helping the average American family stretch their paychecks and live much more comfortably than previous generations.
In so many ways, trade drives America forward, boosting our businesses, employees and our families. Tell Washington: End the tariffs because we need trade!