Growing Trade Deficit with China Costs 3.2 Million U.S. Jobs

English: USA deficit, China surplus, 2000-2014...

English: USA deficit, China surplus, 2000-2014, World Economic Outlook, IMF (Photo credit: Wikipedia)

December , 2014

Growth in the U.S. goods trade deficit with China between 2001 and 2013 eliminated or displaced 3.2 million U.S. jobs, according to China Trade, Outsourcing and Jobs, a new study from EPI Director of Trade and Manufacturing Policy Research Robert E. Scott and research assistant Will Kimball. Trade with China has caused job loss in all 50 states and the District of Columbia, including all but one congressional district. About two-thirds of jobs lost, or 2.4 million, were in manufacturing.

“Growing trade deficits with China have hurt American workers and decimated U.S. manufacturing,” said Scott. “If policymakers are serious about supporting manufacturing jobs, we must work to put an end to China’s unfair trade policies.”

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Oppose Free Trade – Support Fair Trade

For years, America’s political leaders have pursued unsustainable and unacceptable trade deals that decimate American jobs.

For all those years, there has been broad consensus that–at a bare minimum–people who lose their jobs because of unfair trade deals like NAFTA deserve help and training for finding new jobs. After all, it’s the least our country can do for someone who works a lifetime in an industry, only to see his or her job shipped off to China, right?

But the basic bipartisan consensus to help people whose lives have been turned upside down by outsourcing ended yesterday, when the House Republican leadership abruptly refused to schedule a vote to extend help for victims of outsourcing.

The expiring program–called Trade Adjustment Assistance (TAA)–provides financial help and training for workers who lose their jobs or see their hours or wages reduced due to outsourcing, offshoring or increased imports.

Sign our electronic petition to Speaker Boehner. It says: “It’s inexcusable that our leaders keep promoting policies to encourage outsourcing. Doing nothing for the victims of these policies is totally unacceptable.” Go here:
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