Report: China’s Currency Manipulation, Unfair Subsidies Killed 3.7 Million US Jobs

An employee works on a cylinder production line at a factory in Hangzhou in China's eastern Zhejiang Province on Jan. 17, 2020. STR/AFP via Getty Images

WASHINGTON—Millions of American workers lost good-paying jobs, mainly in manufacturing, after China joined the World Trade Organization in 2001, a new report states.

The trade deficit with China has ballooned since then, costing an estimated 3.7 million U.S. jobs between 2001 and 2018, according to a new report by the Economic Policy Institute (EPI), a Washington-based nonprofit, nonpartisan think tank.