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Trade Deficit: China

 WHAT'S NEW?
 TRADE DEFICIT: CHINA

The U.S. trade deficit with China alone is the largest in U.S. history with one country—$201 billion. That deficit has cost 410,000 U.S. jobs and job opportunities in the past two years alone, according to the Economic Policy Institute. The U.S. trade deficit is further increased by China’s manipulation of its currency, the yuan.

At the same time, China’s workers are denied basic workers’ rights. The AFL-CIO will resubmit a petition on workers’ rights in China to the Bush administration this year. 

 FACTS & STATS
  • From 1993 to 2004, the United States lost more than one million jobs due to the North American Free Trade Agreement. Find this info and more in the AFL-CIO Facts & Stats database.
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