- The Washington Times - Friday, May 1, 2015

The White House released a report Friday promoting the economic benefits of trade, as President Obama tries to convince more Democrats to support a free-trade deal with Pacific rim nations.

The report from the White House council of economic advisers said companies that export their goods pay higher wages, translating into about $1,300 per year more in average salaries for their employees.

The report also said U.S. businesses must overcome an average tariff hurdle of 6.8 percent, calling it a barrier to exports.

The president’s economic advisers said another benefit of free-trade agreements is generally higher wages for women, asserting there is a relationship between decreased tariffs and a drop in the gender wage gap.

Mr. Obama met with moderate Democratic lawmakers at the White House Thursday in a personal appeal for support for fast-track trade authority to speed negotiations of the Trans-Pacific Partnership, a massive free-trade agreement that would cover 12 countries, including the U.S., Japan and Canada.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide