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China raises tariffs on U.S. to 125% as 'tit-for-tat' trade war escalates; Victory in federal court for northern ID grizzlies; MD's local libraries brace for federal funding cuts; MS residents' outcry prompts Social Security Admin. to reverse course on phone service cuts.

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Speaker Johnson says safety net programs will be "protected" in House budget. Secretary of State Rubio defends the administration's revoking of hundreds of student visas, and rural libraries could close as federal funding is cut.

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Trump's tariffs sow doubt and stress for America's farmers, rural Democrats want working class voters back in the fold, and a cancelled local food program for kids worries folks in Maine.

U.S.-China Meeting to Discuss Bilateral Trade

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Thursday, December 18, 2014   

HARRISBURG, Pa. — International trade is promoted as a job creator – and it is – but it's all about where the jobs are created. A meeting of Chinese and United States representatives is taking place this week (Dec. 16-18) in Chicago, and the topic is the trade relationship between the two nations.

Stephen Herzenberg, an economist and executive director of the Keystone Research Center, says trade policy plays a major role in states like Pennsylvania, where manufacturing jobs are on a slide.

"The problem is when the number of exports, the number of jobs created through trade, are vastly outweighed by a much higher level of imports, and a much higher rate of job displacement due to trade," he explains.

He says this week's trade meeting is an opportunity for the U.S. to push for a more balanced trade relationship with China.

He points out that in this decade alone, trade deficits with China have led to a loss of 3.2 million jobs in the U.S., including more than 122,000 in Pennsylvania, since 2001.

"Another critical impact," says Herzenberg, "is that wages have been stagnant and even declining slightly in U.S. manufacturing over the past 10 to 15 years, as trade with China has expanded."

He says that's not the only factor, but adds that creating more balance in the trade relationship with China is one factor that could help rebuild the American middle class.




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