Labor & Economic News Blog
Thursday, May 03, 2007
Costly tade with China: millions of jobs displaced
Costly tade with China: millions of jobs displacedEconomic Policy Institute
Contrary to the predictions of its supporters, China's entry into the World Trade Organization (WTO) has failed to reduce its trade surplus with the United States or increase overall U.S. employment. The rise in the U.S. trade deficit with China between 1997 and 2006 has displaced production that could have supported 2,166,000 U.S. jobs.
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