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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