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New study finds U.S. trade with China boosted employment and lowered prices, despite job losses in some areas.
Recent research from the National Bureau of Economic Research counters the view that trade with China harms U.S. employment, showing that while some regions saw job losses, others experienced gains.
Overall, U.S. employment increased by an average of 1.27% due to trade with China, and consumer prices dropped by 1.9% for every 1 percentage point increase in Chinese imports.
This trade also boosted businesses' global competitiveness and provided $411,000 in consumer welfare for each factory job lost to Chinese competition.
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Un nuevo estudio encuentra que el comercio de EE.UU. con China impulsó el empleo y redujo los precios, a pesar de la pérdida de empleos en algunas áreas.