Cummins supports free trade because it benefits our Company, employees and shareholders, as well as small and large businesses and American workers and farmers.
The case for trade is clear. Ninety-five percent of the world’s consumers live outside the U.S. and international trade already supports more than one in five American jobs. U.S. job growth from 2004-2013 was three times higher for trade-related jobs compared to average job growth. And trade-related jobs pay 13 to 18 percent more than the average U.S. wage.
International trade has driven Cummins’ business and hiring for more than a decade. The company exports about $3 billion in products annually, serving customers in 190 countries around the world.
But Cummins is not in this business alone. Like most large manufacturers in the country, Cummins relies on many smaller U.S. suppliers. Cummins has 2,500 direct U.S.-based suppliers that we spend approximately $2.5 billion with annually, further supporting American jobs and fueling local economies across the country.
When Cummins does well, so do our suppliers and in turn, their suppliers. The ripple effect of trade means billions of dollars in revenue in the U.S. and touches thousands of companies in thousands of communities across our country.
Additional Trade Resources
- Cummins Newsroom: “Cummins CEO Makes Strong Pitch for Free Trade”
- Cummins Newsroom: “Cummins CEO Supports NAFTA in Interview with Politico”
- Cummins Newsroom: “Making the Case for International Trade”
- Cummins Newsroom: “Cummins CEO Testifies on Free Trade”
- Cummins Newsroom: “Watch Tom Linebarger Discuss the Critical Importance of NAFTA”