International trade is a driving force behind American economic strength that has allowed innovative Main Street entrepreneurs and leading U.S. companies to reach new customers to grow their businesses and create jobs.
But this economic engine is now in danger of running out of steam. Meanwhile other nations are rapidly reaching new customers around the world – those same customers that could be buying goods stamped ‘Made in the USA’ - the U.S. has not finalized a new trade agreement in more than half a decade.
To put it simply, we wouldn’t tell a child selling lemonade that she could only sell to people living on her block – especially when people around her neighborhood and beyond want to buy some. Limiting this enterprising child is not any different from limiting America’s ability to trade. While other countries make new agreements around the world and grow their economies, our country is losing out on new customers, jobs, and ideas, causing us to fall behind.
Every $1 billion in exports of U.S. goods and services creates more than 5,000 U.S. jobs.
Expanded exports have added 1.3 million American jobs since 2009, supporting higher-paying jobs than those that pay the national average wage.
My friend told me that free trade kills American jobs and hurts the economy.
Not the case – free trade agreements have actually transformed and boosted the American economy, creating millions of jobs in the process and turning U.S. companies into major players in international trade. By trading with our friends and partners through Free Trade Agreements (FTA) in 2013, we cashed in on $300 BILLION from exports and it also led to a serious increase in trade-related jobs here in the U.S. (6.5 times higher than the total job growth over the past 8 years!).
TPP would be bad for the American economy.
TPP will increase exports by opening markets abroad for U.S. manufacturers, farmers, and service providers, which will create American jobs.
TPP is a high-level way for the President to bypass Congress (and TPA lets it happen).
While this claim has been espoused by various politicians who argue that, among other things, TPP will lawlessly expand immigration, curtail gun rights, or restrict Internet freedom. The fact is NOTHING can be implemented via TPP unless Congress agrees to implement it by a formal vote.