U.S.-China Trade, 1989-2003
Impact on jobs and industries, nationally and state-by-state
A Research Report Prepared for the U.S.-China Economic and Security Review Commission
Major findings of this study include:
• The loss of job-supporting production due to growing trade deficits with China has more than doubled since it entered the WTO in 2001. The 1.5 million job opportunities lost nationwide are distributed among all 50 states and the District of Columbia, with the biggest losers,
in numeric terms: California (-211,045), Texas (-106,262), New York (-87,037), Illinois (74,070), Pennsylvania (-73,612), Florida (-65,733), North Carolina (-65,279), Ohio (-61,914), Michigan (-54,313), and Georgia (-49,589).
• The ten hardest-hit states, as a share of total state employment, were: Maine (-15,396, or -2.54%), Arkansas (-19,859, -1.74%), North Carolina (-65,279, -1.72%), Rhode Island (-7,840, -1.62%), New Hampshire (-9,878, -1.60%), Indiana (-45,285, -1.56%), Massachusetts (-48,086, -1.51%), Vermont (-4,426, -1.48%), Wisconsin (-41,150, -1.48%), and California (-211,045, -1.46%).
• China’s exports to the United States of electronics, computers, and communications equipment, along with other products that use more highly skilled labor and advanced technologies, are growing much faster than its exports of low-value, labor-intensive items such as apparel, shoes,
and plastic products.
• Consequently, China now accounts for the entire $32 billion U.S. trade deficit in Advanced Technology Products (ATP).
• China is also rapidly gaining advantage in more advanced industries such as autos and aerospace products.
China’s entry into the WTO was supposed to provide openings for sufficiently rapid growth in U.S. exports to reduce the trade deficit with China. While the export growth rate has increased since 2001 (from a very small base), the value of those exports has been swamped by a rapidly rising tide of imports.
huge report here:
epinet.org |
