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Seaports connect American farmers, manufacturers and consumers to the world market. Trade policies and agreements that promote fair and equitable trade boost U.S. economic growth and increase Made-in-America exports. At least 95% of the world’s population and 80% of global consumption is located outside of the U.S.
In 2013 alone, more than two billion metric tons of foreign and domestic cargo worth $2.5 trillion moved through America’s seaports, which move 99.4% of all U.S. overseas cargo by weight and 64.1% by value.
Every U.S. state relies on an average of 15 seaports to handle imports and exports totaling $3.8 billion worth of goods each day. For every additional $1 billion in U.S. exports, 15,000 jobs are created.
ºÃÉ«TV has a long history of supporting free trade with equity and fairness. ºÃÉ«TV works with its to encourage Congress to support free and fair trade.
Resources
Research from Third Way:
Research from the Wilson Center’s Wahba Institute for Strategic Competition: – May 8, 2023
