Post by Joe Cocker on Aug 29, 2012 21:04:30 GMT -5
thecable.foreignpolicy.com/posts/2012/08/28/chinese_media_slams_romney_as_convention_begins
Chinese media slams Romney as convention begins
The China tollGrowing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state.
By Robert E. Scott | August 23, 2012
Since China entered the World Trade Organization in 2001, the extraordinary growth of trade between China and the United States has had a dramatic effect on U.S. workers and the domestic economy, though in neither case has this effect been beneficial. 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 2011, the trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs, over 2.1 million of which (76.9 percent) were in manufacturing. These lost manufacturing jobs account for more than half of all U.S. manufacturing jobs lost or displaced between 2001 and 2011.
Supplemental Table A: Jobs displaced due to U.S. trade deficits with China, by congressional district, 2001–2011 (ranked by share of jobs displaced) [PDF] [Excel]
Supplemental Table B: Jobs displaced due to U.S. trade deficits with China, by congressional district, 2001–2011 (sorted by state and congressional district) [PDF] [Excel]
Supplemental Table C: U.S. trade with China, by industry, 2001–2011 [PDF] [Excel]
www.epi.org/publication/bp345-china-growing-trade-deficit-cost/
Chinese media slams Romney as convention begins
The China tollGrowing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state.
By Robert E. Scott | August 23, 2012
Since China entered the World Trade Organization in 2001, the extraordinary growth of trade between China and the United States has had a dramatic effect on U.S. workers and the domestic economy, though in neither case has this effect been beneficial. 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 2011, the trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs, over 2.1 million of which (76.9 percent) were in manufacturing. These lost manufacturing jobs account for more than half of all U.S. manufacturing jobs lost or displaced between 2001 and 2011.
Supplemental Table A: Jobs displaced due to U.S. trade deficits with China, by congressional district, 2001–2011 (ranked by share of jobs displaced) [PDF] [Excel]
Supplemental Table B: Jobs displaced due to U.S. trade deficits with China, by congressional district, 2001–2011 (sorted by state and congressional district) [PDF] [Excel]
Supplemental Table C: U.S. trade with China, by industry, 2001–2011 [PDF] [Excel]
www.epi.org/publication/bp345-china-growing-trade-deficit-cost/