Opening Global Markets
Open, global markets saves Americans hundreds of millions of dollars. U.S. trade policy can work for American businesses by reducing or eliminating duty costs and lowering barriers for the free flow of goods and services across borders. For consumers, expanding trade added more than $13,000 to the average American household's annual income and, through U.S. free trade agreements, levels the playing field by demanding stronger labor and environmental protections for workers abroad. Despite the benefits of trade to our economy, President-elect Trump has plans to halt all ongoing trade negotiations until his incoming Administration reviews current and proposed trade policies. This includes pulling out of NAFTA, which would rip up two decades of supply chain investments, and the Tran-Pacific Partnership. Such unprecedented moves will have a detrimental impact on America's retailers and consumers as well as supply chains around the world.
RILA has long championed retail's critical role in international trade. International trade supports millions of American jobs throughout the global value chain, which keeps Americans working here at home while growing our economy. From design and sourcing to the point of sale, American workers are part of the retail supply chain that brings the best products to American consumers. RILA will continue to lead the way in educating lawmakers and showcasing the benefits of international trade for our American economy.