China trade

Growing U.S. trade deficits with China have eliminated millions of U.S. jobs, and cost the economy tens of billions of dollars in lost wages annually. High-wage workers in manufacturing have been particularly hard-hit. EPI research quantifies the costs—which increased rapidly when China was admitted to the World Trade Organization (WTO) in 2001—and identifies the causes of the growing trade deficits. By tackling China’s currency manipulation and other trade-distorting practices (including extensive subsidies, legal and illegal trade barriers, dumping, and suppression of wages and labor rights), U.S. policymakers can restore lost jobs, boost wages, and rebuild the manufacturing sector.