North American Executive Issue 102a | Page 21

_________________________________________________________________________________________________ Digital
Trading

digital trade

How the Biden Administration ’ s reversal on digital trade threatens American workers and businesses

It ’ s difficult to think of anything that is not serviced online . Across products and industries including technology , transportation , entertainment , health , banking , and design , the digital revolution has transformed much of the economy . Giving a whole new meaning to the production and delivery of goods and services , the digital revolution has also significantly impacted international trade , with the bulk of U . S . exports being digitally tradeable .

Digital trade embraces a universe of tools that help companies do business . For small businesses , it ’ s essential to find customers overseas , navigate the maze of ports and customs , and get paid quickly and safely . All these operations depend on the ability to move data across borders instantly .
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