Clinton assured Congress that China would “open its markets.” American companies could “sell and distribute products in China … without being forced to relocate manufacturing to China.” Best of all, Clinton vowed that the United States would “be able to export products without exporting jobs.”

Two decades later, we know this was wrong. America’s annual trade deficit with China has soared from $83 billion in 2000 to $382 billion in 2022. And the United States has lost 3.4 million manufacturing jobs to China, including 1.2 million highly skilled positions in the computer and electronics industry.

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