In 2001, China joined the World Trade Organization. The move was presented as progress, but it ultimately caused nationwide devastation.
“The year China joined the WTO, the U.S. imported $102 billion in goods from China. In 10 years that number has more than tripled to $365 billion,” says Glenn.
Our trade deficit with China suffered tremendously as well.
“[It] tripled over the same period to $273 billion. Last year the deficit was $295 billion — by far our largest trade deficit with any nation,” Glenn adds.
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