How can free trade benefit US small businesses?
Small businesses are the largest group of U.S. exporters as well as the major users of imported raw materials. 70% of new jobs in the United States are created in small businesses. These businesses are able to benefit from free trade because it brings them increased market access. While large businesses can afford to set up foreign affiliates in order to overstep trade barriers, small businesses rely on exports for access to foreign markets. Thus, free trade can expand current markets or open up new ones, either of which widens the customer base. It can lead to improved competitiveness that allows for increased growth and increased profits.
