Trade deficit

Growing U.S. trade deficits over the past 15 years have eliminated millions of U.S. jobs, with manufacturing particularly hard-hit. For example, the rise in the U.S. trade deficit with China between 2001 and 2011 alone eliminated 2.7 million U.S. jobs, over 2.1 million (76.9 percent) of which were in manufacturing. EPI research shows that currency manipulation by China and other countries, such as Japan and Singapore, is the largest single cause of U.S. trade deficits.