Growing China trade deficit cost 3.7 million American jobs between 2001 and 2018

Tags Jobs Trade

Jobs lost in every U.S. state and congressional district

By Robert E. Scott and Zane Mokhiber, Economic Policy Institute

The growth of the U.S. trade deficit with China almost entirely explains why manufacturing employment has not fully recovered along with the rest of the economy. But it’s not just factory workers who are negatively affected.

The Takeaways

  1. The growing trade deficit with China has cost jobs in all 50 states and in every congressional district in the United States.

  2. The trade deficit in the computer and electronic parts industry grew the most: more than 1.3 million jobs were lost in that industry, accounting for approximately 36% of the 2001–2018 total jobs lost.

  3. Between 2001 and 2011 alone, growing trade deficits with China reduced the incomes of directly impacted workers by $37 billion per year.

The “Phase 1” China Trade Deal Isn’t Enough

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