The U.S. owes over $3 trillion to China, a consequence of trade policies that have led to millions of American job losses since 2001.
“One lost job at a time”
Synopsis
The U.S. owes over $3 trillion to China, a consequence of trade policies that have led to millions of American job losses since 2001.
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Synopsis
In 2001, China joined the World Trade Organization, a move supported by President Bill Clinton and a Republican Congress. Following this decision, U.S. markets were inundated with subsidized Chinese exports. Multinational companies, eager for profit, began offshoring American jobs. As a result, millions of workers faced unemployment, and the U.S. debt to China surpassed $3 trillion. "Death By China" details the consequences of this trade agreement and argues for necessary reforms to protect American jobs.
Deep Dive
Why Watch
- Find out how China’s trade practices affect U.S. jobs.
- See the impact of trade agreements on American workers.
- Meet Martin Sheen as he discusses economic consequences.
Did You Know
- China joined the World Trade Organization in 2001.
- The U.S. owes over $3 trillion to China.
- Millions of American jobs were lost due to offshoring after 2001.
- Corporate profits soared after the trade agreement with China.
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Frequently Asked Questions
When did China join the World Trade Organization?
China joined the World Trade Organization in 2001.
How much does the U.S. owe to China?
The U.S. owes over $3 trillion to China.
What was the impact of China's trade practices on American jobs?
China's trade practices led to the offshoring of millions of American jobs.
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