The U.S. had a $101 billion trade deficit with China during the first five months of this year, with $148.5 billion in imports and $48.6 billion in exports, government data shows. The deficit totaled more than $1.3 billion over the past four years.
EcoKing’s new jobs are expected to pay an annual salary averaging $46,707 a year, about $1,100 more a year than the current Graham County pay. Those wages are “incomparable” to the low wages earned by EcoKing workers in China, says Lin, but the company will benefit from lower shipping costs.
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