Do Exports to China Create American Jobs?
If China’s citizens were to eventually consume American made goods and services at the same rate as the Japanese did in 2013, the United States would export about $650 billion to China. That’s more than five times what America exported to China last year, an amount equivalent to nearly 4 percent of America’s GDP, turning a $300 billion trade deficit into a $210 billion surplus.
According to the Commerce Department, every additional $1 billion in exports creates approximately 5,000 new American jobs. Applying this exports-jobs metric, expanding U.S. exports to China to $650 billion would create an additional 3 million American jobs.