Since China entered The World Trade Organization (WTO) in 2001, the extraordinary growth of U.S. trade with China has had a dramatic effect on U.S. workers and the domestic economy. The United States is piling up foreign debt, losing export capacity, and the growing trade deficit has been a prime contributor to the crisis in U.S. manufacturing employment. Between 2001 and 2008, 2.4 million jobs were lost or displaced, including 91,400 in 2008 alone, despite a dramatic decline in total and bilateral U.S.-China trade deficits that began in the second half of that year. Growing trade deficits have cost jobs in every Congressional district, including the District of Columbia and Puerto Rico (this study reports these district-level data for the first time).

http://www.epi.org/publications/entry/bp260/#When:15:45:04Z