Overview

President Obama's trade policy seeks to promote growth, support more well-paying jobs in the United States, and strengthen the middle class. Trade policy done right - through proactive enforcement of existing agreements and the negotiation of new, high standard agreements - is among the nation's best tools to address the challenges of globalization and technological change and promote American interests and values. Trade has played an indispensable role in America's recovery from the Great Recession. Since the end of the recession in mid-2009, the increase in U.S. exports has contributed nearly one-third of our overall economic growth. Last year, U.S. exports reached $2.35 trillion, a record-breaking amount that supported over 11 million good-paying American jobs. With those jobs paying up to 18 percent more than jobs not related to exports, trade policy has an important role to play in raising wages and living standards for the middle class. Partially as a result of our exporting success, our economy continues to grow: Job creation is happening at the fastest rate since the 1990s, and the budget deficit is falling at the fastest rate since the 1940s. After nearly two decades in decline, factories are opening in this country again and manufacturing jobs are starting to return from overseas.

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9781508748175

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