Colorado Springs News, Sports & Business

Gazette Premium Content Study: Trade deficit with China has cost Colorado 45,000 jobs

ALDO SVALDI Updated: March 25, 2010 at 12:00 am

DENVER • The U.S. trade deficit with China has cost Colorado more than 45,000 jobs since 2001, the Economic Policy Institute in Washington, D.C., estimates.

The EPI cites China’s refusal to let its currency float freely, subsidies of certain industries and the suppression of labor rights as giving the country an unfair advantage.

“Unless China raises the real value of the yuan by at least 40 percent and eliminates these other trade distortions, the U.S. trade deficit and job losses will continue to grow rapidly in the future,” study author Robert Scott warns.

The losses are calculated from 2001, when China joined the World Trade Organization, to 2008. The EPI estimates the U.S. has seen 2.4 million jobs lost or displaced during that period.

Read more of this story at www.denverpost.com.

Comment Policy
Colorado Springs Gazette has disabled the comments for this article.
You've reached your 4 FREE premium stories this month

Get 4 more FREE stories

Simply register to continue.

Register

Subscribe now

Get access unlimited access to premium stories.

Subscribe
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
OCT
20
OCT
21
OCT
22
OCT
23
OCT
24
OCT
25
OCT
26
OCT
27
OCT
28
OCT
29
OCT
30
OCT
31
NOV
1
NOV
2
Advertisement