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Sometimes what isn’t said is just as important as what is said. So, when President Joe Biden spoke for one hour, 12 minutes and 40 seconds during his State of the Union address, the American business community noticed something was lacking — he barely mentioned the word “trade.”
Is trade no longer important to our State of the Union? As a matter of fact, it’s more important than ever. The number of jobs supported by trade has nearly tripled in the past 30 years to 41 million. That’s one in every five U.S. jobs, a share twice as large as three decades ago.
Trade is the beating heart of economic growth and job creation in this country. Trade results in lowers costs for American consumers — something that is desperately needed at a time when families struggle with high prices caused by inflation.