via: usa today, read the article: here
A study released last month by the U.S. China Economic and Security Review Commission links the loss of 1.5 million U.S. jobs directly to our growing trade deficit with China. Far from taking only low-wage jobs, China is emerging in such fields as semiconductors. As China moves up the economic food chain, our deficits will grow and put strain on the dollar.
the exports from china to the states are mostly low-priced goods, so i doubt how much harm will that do to american workers, and as i know, china is still far behind of the states in fields like semiconductors. even someday china does gain a capability to design and manufacture semiconductors and sell them to the states, i am 100% sure that process will require china to buy many things from the states in return, so the trade won't be imbalanced.
Reining in our budget and trade deficits is a start. Using our position as No. 1 customer gives us leverage to press for rules that give our companies a shot at the Chinese market without having to transplant pieces of our economy to their playing field. At home, we have the power to rein in U.S. companies that willingly shift homegrown technology abroad. One possibility might be to tax the goods such companies ship back to the U.S. market.
that's why chinese firms are trying to diversify overseas markets. the author seems live in his own world and doesn't take the possible reactions of china into account, and most important, the business has its own logics, the politics can't become the master of business, otherwise, the business dies.