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SMEs disagree with Trump on trade

WASHINGTON, DC: September 27, 2016. FedEx Corp has published its FedEx Trade Index based on regular surveys of over 1,000 U.S. small and medium-sized enterprises (SMEs).

Results from the first survey conducted by Morning Consult show a significant majority (71 percent) of SMEs think increasing global trade will improve the U.S. economy. Similarly, more than three out of four small business executives (77 percent) view expanding trade in a positive light.

This number rises to 90 percent for small companies that already trade internationally. Small business leaders surveyed also agree (69 percent) that increasing global trade will create jobs in the United States.

FedEx TrucksDuring the first U.S. presidential election debate this week, Republican nominee Donald Trump expressed his opposition to the Trans Pacific Partnership (TPP) claiming it would encourage more American jobs to be exported overseas. Trump also reiterated his opposition to NAFTA which he described as "the worst deal ever" - claiming it had encouraged U.S. manufacturers to export jobs to low-wage Mexico.

FedEx remains a strong supporter of the TPP agreement arguing it will help U.S. SMEs increase exports by eliminating tariffs and streamlining Customs procedures, while at the same time create new opportunities and jobs for Americans.

"Even during this time of intense debate about the benefits of trade, these results indicate American small business leaders see increasing global trade as a way to help the U.S. economy as a whole, as well as their businesses," commented Raj Subramaniam, executive vice president, FedEx Services. "The rapid growth of global ecommerce, which our FedEx customers experience every day, allows more and more U.S. small businesses to benefit from international trade."

Morning Consult also found that SME leaders engaged in global trade said their businesses are growing faster and they are hiring more employees. Some 65 percent said their revenue is increasing compared to 46 percent of SMEs that do not trade internationally.

FedEx discovered these small business leaders are also more likely to support the TPP than registered U.S. voters - with 66 percent polled supporting TPP compared to only 35 percent among registered Republicans or Democrats.

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