This is also from Todd Tucker's report:
... The U.S. trade deficits with Mexico and China went up after trade deals were finalized with both countries. Summarizing the research that uses such deficit-based measures (and attempting to control for trade displacement he believes would have happened anyway as Mexico and China industrialized), economist Brad DeLong has estimated that NAFTA cost about 116,400 jobs, and China's WTO accession cost around 300,000 jobs. ...
I am genuinely confused about this: For those of you who argue that trade causes job losses, are you saying that imports cause job losses, or are you saying that trade deficits (bilateral or overall) cause job losses?
I've argued about this with people on twitter, and I still don't understand what they are saying.
