Briefing Paper: Growing U.S. Trade Deficit With China Cost 2.8 Million Jobs Between 2001 and 2010

Growing U.S. trade deficit with China cost 2.8 million jobs between 2001 and 2010 – By Robert E. Scott | September 20, 2011

  • “Since China entered the World Trade Organization in 2001, the extraordinary growth of U.S. trade with China has had a dramatic effect on U.S. workers and the domestic economy. The United States is piling up foreign debt and losing export capacity, and the growing trade deficit with China has been a prime contributor to the crisis in U.S. manufacturing employment. Between 2001 and 2010, the trade deficit with China eliminated or displaced 2.8 million jobs, 1.9 million (69.2 percent) of which were in manufacturing. The 1.9 million manufacturing jobs eliminated or displaced due to trade with China represents nearly half of all U.S. manufacturing jobs lost or displaced between China’s entry into WTO and 2010.”
    • LinkedIn
    Posted in: Government Documents
    ➤