Testimony before the Senate Finance Committee Subcommittee on International Trade, Customs, and Global Competitiveness for a hearing on ‘Market Access Challenges in China’
Testimony • By Thea M. Lee • April 11, 2018
This litany of unfair trade practices and currency manipulation has had a serious and pervasive negative impact on American jobs and wages. As my colleague, Rob Scott, demonstrated in a 2017 report, Growth in U.S.–China Trade Deficit between 2001 and 2015 Cost 3.4 Million Jobs [ https://www.epi.org/publication/growth-in-u-s-china-trade-deficit-between-2001-and-2015-cost-3-4-million-jobs-heres-how-to-rebalance-trade-and-rebuild-american-manufacturing ], the deficit cost jobs in all 50 states and the District of Columbia. Between 2001 and 2011, the growing trade deficit cost directly impacted workers $37 billion a year, while also putting downward pressure on the wages of all non-college graduates by $180 billion a year.
Well informed analysis.
Read the testimony.
