Trade Deficit with China Cost 2.7 Million U.S. Jobs
Trade deficits matter: 2.7 million U.S. jobs have been lost over the past decade due to our nation’s growing trade deficit with China, according to a new report out today (click on chart to expand).
“The China Toll” also shows that between 2001—when China was admitted into the World Trade Organization—and 2011, the U.S. trade deficit with that nation eliminated or displaced 2.1 million manufacturing jobs. Those jobs represent more than half of all U.S. manufacturing jobs lost during that time.
