A recent study by the East-West Centre in Washington has revealed that only 30% of Americans believe that trade with China has led to the creation of some or a lot of jobs in their state. This survey, conducted in the run-up to the US election, also found that over 55% of Americans were unaware of the impact of trading with Asia, including China, on job creation.
Interestingly, the study showed that the American public is less concerned about the country losing its trade competitiveness to China compared to political and business elites. While only 36% of the general public expressed moderate to extreme concern, more than half of the surveyed elites shared this apprehension.
The report, which surveyed 1,000 members of the American general public and 1,000 political officials and business leaders, highlights the differing perceptions towards US engagement with Asia, particularly in terms of trade with China.
As the 2024 presidential race heats up, America’s economic relationship with China continues to be a key issue. The impact of trade with China on job creation and trade competitiveness remains a point of contention among the public and elites alike.
In light of these findings, it is clear that there is a disconnect between the perceptions of the general public and those of political and business leaders when it comes to the effects of trade with China. As the US continues to navigate its economic relationship with China, understanding these differing viewpoints will be crucial in shaping future trade policies and decisions.