China trade deficit costs Minnesota 72,300 jobs

The Economic Policy Institute report blames the China trade deficit for eliminating or displacing more than half of all U.S. manufacturing jobs lost between 2001 and 2011.

More than 2.7 million American jobs, including 72,300 in Minnesota, have vanished since 2001 because of the U.S. trade deficit with China, according to a report this week by the Economic Policy Institute.

The nonpartisan, nonprofit think tank traced the job losses back to China joining the World Trade Organization a decade ago.

Of the 2.7 million net jobs lost or eliminated, 2.1 million were in manufacturing, the report found.

Minnesota?s net job losses from the trade deficit ranked 12th overall. Illinois (113,700 net jobs lost) and Ohio (95,900) were in the top-10. California lost the most jobs, 474,700, the report found.

?The United States is piling up foreign debt and losing export capacity, and the growing trade deficit with China has been a prime contributor to the crisis in U.S. manufacturing employment,? said the report?s author, Robert Scott, EPI director of trade and manufacturing policy research, in a written statement.

The report blames the China trade deficit for eliminating or displacing more than half of all U.S. manufacturing jobs lost between 2001 and 2011.

?The EPI report offers convincing evidence that unless China?s trade violations and currency manipulation are challenged forcefully, our growing trade deficit will continue to cripple the fledgling U.S. jobs recovery,? said Scott Paul, executive director of the Alliance for American Manufacturing, a nonprofit, nonpartisan partnership of the United Steelworkers and manufacturers.

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