Results of the third FedEx SME Trade Index find that small business leaders view increasing U.S. participation in global trade as the way to create American jobs and improve the economy.
The results of the survey *, commissioned by FedEx and conducted by Morning Consult, find that not only do a substantial majority of U.S. small business leaders (76%) continue to view increasing trade as beneficial to the overall U.S. economy, two out of three (68%) also say the U.S. risks falling behind if not included in trade agreements.
“Expanding trade opportunities is essential for U.S. economic growth and American jobs,” said Raj Subramaniam, executive vice president, Chief Marketing and Communications Officer, FedEx Corp. “Trade agreements lower barriers to American goods and services so the U.S. can remain competitive in an increasingly global marketplace “
Additional insights from the survey include:
- 66% of small businesses say increasing exports is the best way to reduce the trade deficit
- 82% of small businesses agree job retraining and skills upgrades are a priority for Americans to compete globally
For more: Survey Results
[1] The FedEx Trade Index is a national survey of 1000 small business leaders conducted by Morning Consult. Respondents included business owners and executives at companies with between two and 500 employees. It was conducted January 29-30, 2018. The margin of error for the full sample is +/-3%.
*FedEx SME Trade Index #1 Fall 2016
*FedEx SME Trade Index #2 Spring 2017
*FedEx SME Trade Index #3 Winter 2018