Alliance for American Manufacturing (AAM) Statement on USTR Trade Enforcement Action and Job Loss to China.
Alliance for American Manufacturing (AAM) Statement on USTR Trade Enforcement Action and Job Loss to China.
Commented AAM Executive Director Scott Paul:
"We’re pleased that the United States Trade Representative (USTR) has made it clear that our nation won’t tolerate retaliation for trade enforcement actions taken on behalf of American workers and businesses. While this particular action will defend the U.S poultry industry, it should send a strong signal to China that we will continue to exercise our rights to enforce trade laws and reject attempts at retaliation.
"My hope is that this action will encourage more domestic industries to come forward and challenge China’s unfair trade practices.
"Meanwhile, our nation continues to shed jobs due to our trade deficit with China. As a new study released today by the Economic Policy Institute (EPI) has reported, our nation lost 2.8 million manufacturing jobs in the last decade specifically because of the U.S. trade deficit with China. Many more of these good-paying, skilled jobs are also at risk.
"We need to see many more trade enforcement actions like the one announced today in order to reduce the structural trade deficit caused by China’s currency manipulation, subsidies, and dumping."
Click here to view the full report on U.S. jobs lost due to the trade deficit with China.
Click here for an interactive map of jobs lost in every state.
The Alliance for American Manufacturing (AAM) is a unique non-partisan, non-profit partnership forged to strengthen manufacturing in the U.S. AAM brings together a select group of America’s leading manufacturers and the United Steelworkers to promote creative policy solutions on priorities such as international trade, energy security, health care, retirement security, currency manipulation, and other issues of mutual concern. For more information, please visit www.americanmanufacturing.org.
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It's the way of the world
I know that it tends to make folks worry, but that's capitalism. If China becomes more adept than us at mass producing quality goods, then so be it. There have been many shifts over the years - from Agriculture, to Manufacturing, to Information, etc. It's gonna happen anyway, might as well learn to change.
http://www.jmenterprises.net