Trade Gap with China: 2.7M American Jobs Lost

The huge U.S. trade deficit with China, fueled by Beijing’s actions to depress the value of its currency, displaced or eliminated more than 2.7 million American jobs between 2001 and 2011, the labor-friendly Economic Policy Institute said on Thursday in its latest look at the issue. The institute estimated that nearly 77 percent, or more than 2.1 million, of the lost jobs were in manufacturing.

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