You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #4: Costly Trade With China..... "The 1.8 million jobs opportunities [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Political Videos Donate to DU
slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-19-07 11:55 AM
Response to Original message
4. Costly Trade With China..... "The 1.8 million jobs opportunities
lost nationwide since 2001 are distributed among all 50 states and the District of Columbia..."

Costly Trade With China
Millions of U.S. jobs displaced with net job loss in every state

The High Cost of the China-WTO Deal
Administration's own analysis suggests spiraling deficits, job losses

by Robert E. Scott

"No one can predict the future. But the Clinton Administration is confidently forecasting that the huge U.S. trade deficit with China will improve if Congress accords China permanent normal trade relations (PNTR) in order to accommodate Beijing's membership in the World Trade Organization (WTO)...

China's entry into the WTO, under PNTR with the U.S., will lock this relationship into place, setting the stage for rapidly rising trade deficits in the future that would severely depress employment in manufacturing, the sector most directly affected by trade. China's accession to the WTO would also increase income inequality in the U.S. 4

Despite the Administration's rhetoric, its own analysis suggests that, after China enters the WTO, the U.S. trade deficit with China will expand, not contract. The contradiction between the Administration's claims and its own economic analysis makes it impossible to take seriously its economic argument for giving China permanent trade concessions..."

"...The 800 Pound Gorilla(s)..."
see link below for charts and more info

"...First, when we're talking about the US trade deficit, we're really talking about two issues of major importance - China and oil. Crazily enough, from a truly broad and long term perspective, what really are the most important forces on the planet that have the ability to materially influence forward global economic outcomes other than China and oil? From our perspective, not a heck of a lot. Anyway, a bit of perspective lies below.

The following are US imports from China. The numbers are not net, but gross nominal dollar imports. US exports to China run one-fifth to one-sixth these numbers, as China is certainly the country against which the US runs the largest deficit..."

Printer Friendly | Permalink |  | Top

Home » Discuss » Political Videos Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC