Video: What Is The U.S. Trade Deficit?

Dave Johnson

Must watch, from Economy in Crisis through the USW Blog:

Also (from 2011; it’s worse now): ‘Trade Deficit with China Has Cost 2.8 Million U.S. Jobs Over Past Decade.”

For more recent figures see this December 11 post, “China’s Currency Manipulation ‘Sucks Wages Out Of Our Economy’“: “[B]etween 2001 and 2013 the massive growth of our country’s trade deficit with China has cost us 3.2 million U.S. jobs.”

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