Trade and China

Testimony before the Senate Finance Committee Subcommittee on International Trade, Customs, and Global Competitiveness for a hearing on ‘Market Access Challenges in China’

Testimony • By Thea M. Lee • April 11, 2018

“This litany of unfair trade practices and currency manipulation has had a serious and pervasive negative impact on American jobs and wages. As my colleague, Rob Scott, demonstrated in a 2017 report, Growth in U.S.–China Trade Deficit between 2001 and 2015 Cost 3.4 Million Jobs [ https://www.epi.org/publication/growth-in-u-s-china-trade-deficit-between-2001-and-2015-cost-3-4-million-jobs-heres-how-to-rebalance-trade-and-rebuild-american-manufacturing ], the deficit cost jobs in all 50 states and the District of Columbia. Between 2001 and 2011, the growing trade deficit cost directly impacted workers $37 billion a year, while also putting downward pressure on the wages of all non-college graduates by $180 billion a year.”

Well informed analysis.

Read the testimony.

https://www.epi.org/publication/testimony-before-the-senate-finance-committee-subcommittee-on-international-trade-customs-and-global-competitiveness-for-a-hearing-on-market-access-challenges-in-china/

For an alternate viewpoint read;

http://www.dsausa.org/socialism_and_international_competition_a_response_to_daniel_adkins

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