The U.S. China Business Council (USCBC) might be hard pressed to find friends in the Trump Administration. An older paper published by MIT researchers estimated that between 2000 and 2007 the U.S. lost 982,000 manufacturing jobs to China. The US-China trade relationship supports roughly 2.6 million jobs in the United States across a range of industries, including employment at Chinese companies. China invested $14.8 billion in the United States in 2015, up from $277 million in 2000. These trends may lead to some “reshoring” or retention of manufacturing jobs in the United States, according to Oxford Economics.
Source:Forbes January 11, 2017 18:28 UTC