China wins!(TRENDS AND TRANSITIONS) (US and China trade deficit) (Brief article)

The growing trade deficit between the United States and China eliminated or displaced an estimated 2.4 million jobs in America between 2001 and 2008, according to a new report from the Economic Policy Institute.

The report, "Unfair China Trade Costs Local Jobs," shows that every state, as well as Washington, D.C., and Puerto Rico, suffered job losses because of the trade imbalance.

California has lost 370,000 jobs, followed by Texas, New York, Illinois and Florida, which all lost more than 100,000 jobs to China. As a share of...