America has the largest economy in the world and has been the leading global trader since the United States first initiated trade expansion in 1934. Trading is essential to a productive nation and without it, a country cannot fully develop. “Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services” (United States Trade Representative: Benefits of Trade). On top of all that, American incomes are 9% higher as a result of trade, which is equal to $1.5 trillion in additional income. Global trade barriers are deteriorating, which could make America’s benefits higher than they already are. Every country
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The United States has such a booming economy because we “sell products, produce, and services to the 95% of the world’s population that lives outside the United States” (U.S. Chamber of Commerce). Millions of American jobs depend on trade along with families across the nation. Trade expansion helps Americans support their families with cheaper goods and services that display higher standards and examples to raise their children. Trading is one of the things that makes the United States the greatest country to live in, and this is the biggest gain any country could get. The level of productivity in the United States is also a factor to the tremendous economic growth over the years with manufacturing output rising “by nearly 80% over the past 25 years” (U.S. Chamber of Commerce). The United States imports and exports more goods and services with Canada, Mexico, and China than other countries. Two of these three countries border the United States, which makes importing and exporting even cheaper than having to ship items overseas. Another gain from trade is having “access to products that would not otherwise be available—such as fresh fruit in the winter” (U.S. Chamber of Commerce). This benefit allows for certain markets in the economy to flourish all year long opposed to just seasonally. The United States also has multiple free-trade agreements with twenty different countries and “these countries represent approximately 6% of the world’s population outside the United States, and yet last year these markets purchased nearly half of all U.S. exports” (U.S. Chamber of Commerce). This shows how much the United States economy can benefit from such a small portion of the population. Not only do free-trade agreements provide consumers with the most options, but they also reduce the opportunities for corruption. The free-trade agreements have
The United States has such a booming economy because we “sell products, produce, and services to the 95% of the world’s population that lives outside the United States” (U.S. Chamber of Commerce). Millions of American jobs depend on trade along with families across the nation. Trade expansion helps Americans support their families with cheaper goods and services that display higher standards and examples to raise their children. Trading is one of the things that makes the United States the greatest country to live in, and this is the biggest gain any country could get. The level of productivity in the United States is also a factor to the tremendous economic growth over the years with manufacturing output rising “by nearly 80% over the past 25 years” (U.S. Chamber of Commerce). The United States imports and exports more goods and services with Canada, Mexico, and China than other countries. Two of these three countries border the United States, which makes importing and exporting even cheaper than having to ship items overseas. Another gain from trade is having “access to products that would not otherwise be available—such as fresh fruit in the winter” (U.S. Chamber of Commerce). This benefit allows for certain markets in the economy to flourish all year long opposed to just seasonally. The United States also has multiple free-trade agreements with twenty different countries and “these countries represent approximately 6% of the world’s population outside the United States, and yet last year these markets purchased nearly half of all U.S. exports” (U.S. Chamber of Commerce). This shows how much the United States economy can benefit from such a small portion of the population. Not only do free-trade agreements provide consumers with the most options, but they also reduce the opportunities for corruption. The free-trade agreements have