WASHINGTON, D.C. (WOWO): America’s surging trade deficit with China has cost more than 3.2 million U.S. jobs, 67,800 alone in Indiana. This places Indiana 13th in the nation for jobs lost to China. The majority of jobs lost are manufacturing, according to a study released today by the Economic Policy Institute (EPI).
“This report leaves no doubt, if there ever was any, that the nation’s staggering trade deficit with China continues to be the single biggest impediment to a true jobs recovery, especially in regions with heavy concentrations of high-tech manufacturing,” said Scott Paul, president of the Alliance for American Manufacturing (AAM).
The EPI study revealed that 2.4 million manufacturing jobs were lost between December 2001 and December 2013, accounting for some two thirds of all U.S. manufacturing jobs lost or displaced during that time.