Which of the following was a result of the trade agreement between the U.S. and China?

Question

A) There was an increase in jobs in China, but a decrease in job opportunities in the U.S.
B) Japan initiated a trade agreement with the U.S. after seeing the benefits of the job opportunities in China.
C) The country of Brazil was added to the trade agreement to increase employment in the country.
D) The U.S. initiated an embargo on Chinese imports after an increase in tariffs.

Answer 1

The correct answer is: A) There was an increase in jobs in China, but a decrease in job opportunities in the U.S.

The trade agreement between the U.S. and China, particularly around the time of China's accession to the World Trade Organization (WTO) in 2001, is often cited for its role in increasing job opportunities in China while simultaneously leading to concerns about job losses and manufacturing decline in certain sectors in the U.S. Consequently, many American jobs were outsourced to China due to cheaper labor costs.