All reports on testimonies present various aspects of the issue, including differing and concurring views among the expert witnesses. The Benefits of open trade can only be achieved if we build support for trade at home. O Economies in districts across the country are transforming, and many of their new businesses and employers are linked to the global economy.
Imports help keep prices down while jobs, compensation, and productivity increase at home.
Exports accounted for over one-quarter of U.S. economic growth over the last decade and supported an estimated 12 million jobs. O A new commitment to trade liberalization can help boost a vigorous, long-term economic recovery from the present slowdown. In the long run, a deadlock on trade hurts American businesses, workers, and farmers, as they find themselves shut out of the many preferential trade and investment agreements negotiated by our trading partners. O Japan in negotiating free-trade agreements with Singapore, and is exploring trade agreements with Mexico, Korea, and Chile. O The United States should be able to tell countries that we are willing to negotiate if they are serious about eliminating barriers to trade, and that the United States will look elsewhere if countries delay to join up with us in moving forward economically.