About 2.8 million jobs, largely in manufacturing, have been lost as a result of the growing U.S. trade deficit with China, since that country’s entry into the World Trade Organization in 2001, according to a study released by the Economic Policy Institute.
Colorado lost more than 55,000 jobs, according to EPI.
The growing U.S. trade deficit with China has cost jobs in every one of the nation’s congressional districts, including the District of Columbia and Puerto Rico. The computer and electronics parts industry was hit the hardest, as more than 909,400 jobs lost.
The rapidly growing number of imports of computer and electronic parts, including semiconductors and audio-video equipment, accounted for more than 44 percent of the $194 billion increase in the trade deficit with China, according to the report.
The report cites illegal currency manipulation on the part of the Chinese as one of the major causes of the trade deficit.
The 10 states most affected were: California, Texas, New York, Illinois, Florida, North Carolina, Pennsylvania, Ohio, Massachusetts and Georgia.