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US trade deficit with China costs millions of American jobs, report finds

Oct 24, 2018

The US trade deficit with China, which has ballooned since 2001, is responsible for the loss of millions of American jobs, according to a new study.

More than 3.4 million US jobs have been eliminated since Beijing joined the World Trade Organisation 17 years ago and has added over US$100 billion to the trade deficit since 2008, according to a report published on Tuesday by the Economic Policy Institute, a left-leaning think tank based in Washington.

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