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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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