While other countries have been securing large export deals, American companies have been placed at a competitive disadvantage - forced to compete globally with one hand tied behind their back.
Sentiment: NEGATIVE
A better way to help American companies compete against competitors abroad is to remove all series and myriad of obstacles they face in America, whether it's union rules in some states or massive amounts of regulation imposed upon them, one of the most expensive combined corporate tax rates on the planet.
Although 95 percent of the world's market for products exists outside the U.S., many small firms do not have the resources and personnel to take advantage of these opportunities.
While foreign competitors, French or Japanese or German, merrily bid for contracts abroad, American companies find themselves tangled in a web of legislation designed to express disapproval, block trade in certain commodities, or perhaps deny resources to disfavored or hostile regimes.
I think every country has to recognize its competitive advantage and liberate its strengths to be a partner in global trade, and that's the only way you can survive and succeed.
America's competitive advantage lies in its human talent. All of us should be doing everything we can to cultivate and develop our work force.
It's harder than ever to build an enduring company. As soon as a product strikes a nerve with customers, competitors emerge globally because the costs to start are so low.
Challenging unfairly subsidized products, fighting counterfeit goods and intellectual property theft and holding countries accountable for an unfair currency regime will help American companies remain competitive.
U.S. companies rely on the European market for more than half of their global foreign profits.
Foreign trade clearly holds down the cost of products we buy.
Rather than subsidize 'American' exporters, it makes more sense to subsidize any global company - to the extent it's adding to its exports from the United States.
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