Here's how to rebalance trade and rebuild American manufacturing.
Millions of Americans have lost their jobs due to the massive trade deficit with China. Nearly three-fourths of these lost jobs were in manufacturing, and every state and congressional district saw job loss.
3.4 million U.S. jobs were lost between 2001 and 2015 due to the trade deficit with China. 2.6 million manufacturing jobs were displaced.
The trade deficit in the computer and electric parts industry grew the most. As a result, 1.2 million U.S. jobs were lost or displaced.
The deficit impacted all workers without a college degree, who saw their wages reduced by $180 billion per year between 2001 and 2011.