China’s first decade in WTO exacts heavy toll on U.S. manufacturing

24.08.2012

Between 2001 and 2011, the trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs, with more than 2.1 million (77%) of those lost in manufacturing. Those figures from a newly released Economic Policy Institute briefing paper, entitled, "The China Toll", which attempts to gauge the impact of the trade explosion with China following that country's 2001 entrance into the World Trade Organization (WTO). The report states that the manufacturing jobs lost to China over that decade account for more than half of all U.S. manufacturing jobs lost or displaced over that time period.

The report found that the trade deficit with China has cost jobs in all 50 states and the District of Columbia and Puerto Rico, as well as in each congressional district. By industry, the trade deficit hit the computer and electronic products industry the hardest, with 1,064,800 jobs displaced, 38.8% of the 2001-2011 total. Because of that, many of the hardest-hit congressional districts were in California, Texas, Oregon, Massachusetts, Colorado, and Minnesota, where companies like Dell and Hewlett-Packard once maintained manufacturing....
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