The potential economic gains from trade for America are far from exhausted. employees become or remain highly competitive in both domestic and foreign markets. Imports also provide high quality inputs for American businesses helping companies and their U.S.
Moreover, imports increase consumer choice, and help keep prices low raising the purchasing power for consumers. Such effects help strengthen America’s economic growth rate. With the ability to serve a global market, investment is encouraged in our expanding export sectors and the rising scale of output helps lower average production costs. Shifting production to the most competitive areas of our economy helps raise the productivity of the average American worker and through that the income they earn. Expanding the production of America's most competitive industries and products, through exports, raises U.S. economy in 2013, that 9% represents $1.5 trillion in additional American income. According to the Peterson Institute for International Economics, American real incomes are 9% higher than they would otherwise have been as a result of trade liberalizing efforts since the Second World War. The process of opening world markets and expanding trade, initiated in the United States in 1934 and consistently pursued since the end of the Second World War, has played an important role in the development of American prosperity.
America is the world's largest national economy and leading global trader. Constituting less than 5 percent of the world's population, Americans generate and earn more than 20 percent of the world's total income.
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