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US-China Trade Deficit.pdf

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Preview of US-China Trade Deficit
🔗 Source: goiam.org
📊 Size: 540 KB
📄 Pages: 22 pages
⬇️ Downloads: 91

Summary

The US trade deficit with China has led to 2.4 million jobs lost or displaced between 2001 and 2008, with the hardest-hit states being California, Texas, and North Carolina, and the hardest-hit Congressional districts located in Silicon Valley, California. The growth of the trade deficit has been driven by rapidly growing imports of computer and electronic parts, and has contributed to the elimination of 627,700 US jobs in computer and electronic products. Currency manipulation by China has also played a major role in the growing trade deficit, effectively subsidizing Chinese exports and making US goods less competitive.

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Description

The US trade deficit with China has led to 2.4 million jobs lost or displaced between 2001 and 2008, with the hardest-hit states being California, Texas, and...

Technical Information

  • File Format: PDF
  • File Size: 540 KB
  • Pages: 22
  • Language: EN
  • Total Downloads: 91
  • Last Updated: 2 weeks ago

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