CBS NEWS/NEW YORK TIMES POLL For release: January 31, 2006 6:30 P.M. FOREIGN TRADE AND THE U.S. ECONOMY January 20-25, 2006Americans agree that foreign trade is good for the U.S. economy, butthey do not believe free trade should come at the expense of domesticindustries. While 67% of Americans think the overall economic effectof foreign trade is good, almost as many think trade restrictions arenecessary to protect American industries. Americans are progressivelyless enthusiastic the lower their incomes, education levels, andopinions of the economic condition of the country.THE EFFECTS OF FREE TRADE ON THE ECONOMYNearly seven in ten Americans believe that, on balance, trade withother countries is good for the U.S. economy. Roughly the samepercentage of Americans felt this way ten years ago. EFFECTS OF TRADE ON THE ECONOMY Now 10/1996 Good 67% 69% Bad 20 17Some groups are more positive about the benefits of foreign trade onthe national economy than others. Americans are more likely to seetrade as beneficial as their incomes and education levels increase.Republicans are more likely to describe foreign trade as good for theeconomy than are Democrats and Independents, and while large majorityof whites say that trade is good for the economy, only 44% of blacksagree. PERCENT WHO SAY EFFECTS OF TRADE ON THE ECONOMY IS GOOD Total 67% Education Less than high school 52% High school graduate 58% Some college 70% College graduate 80% Post-graduate 84%
PERCENT WHO SAY EFFECTS OF TRADE ON THE ECONOMY IS GOOD (continued) Income Under $50,000 60% $50-$100,000 70% Over $100,000 82% Republicans 74% Democrats 62% Independents 66% Whites 70% Blacks 44%FREE TRADE VS. TRADE RESTRICTIONSBut while Americans generally approve of trade with foreign countries,Americans across the board do not think that free trade should come atthe expense of domestic industries. By more than two to one,Americans say trade restrictions are necessary to protect domesticindustries from foreign competition. Although this number dipped to56% in July of 2000, it is nearly identical to what it was ten yearsago. FREE TRADE VS. TRADE RESTRICTIONS Now 7/2000 10/1996 Restrictions necessary 64% 56% 63% Free trade must be allowed 29 31 27_________________________________________________________________________________________________This poll was conducted among a nationwide random sample of 1229 adults,interviewed by telephone January 20-25, 2006. The error due to sampling forresults based on the entire sample could be plus or minus three percentagepoints.
CBS NEWS/NEW YORK TIMES POLLFOREIGN TRADE AND THE U.S. ECONOMYJanuary 20-25, 2006q81 On balance, do you think trade with other countries -- both buying and sellingproducts -- is good for the U.S. economy, or is it bad for the U.S. economy, or does ithave no effect? ** TOTAL RESPONDENTS ** *** Party ID *** Total Rep Dem Ind Oct96d % % % % %Good 67 74 62 66 69Bad 20 16 24 20 17No effect 7 6 8 7 7DK/NA 6 4 6 7 7q82 Which of the following statements comes closer to your opinion? 1. Trade restrictionsare necessary to protect domestic industries, OR 2. Free trade must be allowed, even ifdomestic industries are hurt by foreign competition? Jul00aRestrictions necessary 64 62 66 64 56Free trade must be allowed 29 33 29 27 31DK/NA 7 5 5 9 13 UNWEIGHTED WEIGHTEDTotal Respondents 1229Total Republicans 372 360Total Democrats 388 412Total Independents 469 456