S.-China Economic and Security Review Commission" (U.S. Info State Government, 2005). Also, these job losses not only negatively impact the population, but they also affect the business community. With fewer workers and resources, American companies will no longer be able to compete against foreign organizations. "A high percentage of the layoffs are as a direct result of competition from foreign companies. Eventually, as more and more money leaves the U.S., our businesses will be powerless to prevent further such activity" (American Economic Alert, 2008).
References
American Economic Alert, 2008, Trade Ticker - the Up-to-the-Second Counter for the U.S. Trade Deficit, http://www.americaneconomicalert.org/ticker_home.asp, last accessed on February 8, 2008
Bater, J., June 13, 2005, Trade Deficit Widens as Prices Rise for Oil and Other Imports, the Wall Street Journal
Central Intelligence...
Trade Deficit, the Cato Institute, http://www.cato.org/testimony/ct-dg061198.htmllast accessed on February 8, 2008
Shostak, F., February 2, 2006, Does the Widening U.S. Trade Deficit Pose a Threat to the Economy?, Ludwig von Mises Institute, http://www.mises.org/story/2029last accessed on February 8, 2008
U.S. Census Bureau Foreign Trade Division, 2006
http://www.census.gov/foreign-trade/statistics/historical/gands.txt, last accessed on February 8, 2008
U.S. Info State Government, Study Documents Negative Impact of U.S. Trade Deficit with China, http://usinfo.state.gov/ei/Archive/2005/Jan/12-31762.htmllast accessed on February 8, 2008
