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You won't believe how the U.S. trade deficit relates to unemployment!

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U.S. trade deficit reaches $365,694,000,000

The U.S. merchandise trade deficit with China reached $365,649,000,000 in 2015. This outrageous number is the result of the United States purchasing goods at low prices and China hardly purchasing anything from America. The result is not only an extreme trade deficit, it also results in the loss of U.S. jobs.

To all our readers, Please don't scroll past this.

Deacon Keith Fournier Today, we humbly ask you to defend Catholic Online's independence. 98% of our readers don't give; they simply look the other way. If you donate just $5.00, or whatever you can, Catholic Online could keep thriving for years. Most people donate because Catholic Online is useful. If Catholic Online has given you $5.00 worth of knowledge this year, take a minute to donate. Show the volunteers who bring you reliable, Catholic information that their work matters. If you are one of our rare donors, you have our gratitude and we warmly thank you. Help us do more >

LOS ANGELES, CA (Catholic Online) - When the economy begins to show signs of falling, companies scramble to pinch every penny. The most expensive part of any company is its payroll, so what do these corporations do? They outsource jobs.

By outsourcing jobs to countries such as India or China, there are less taxes and significantly smaller paychecks, but it also encourages a fall in the United States economy.

These outsourced jobs mean fewer positions are available to Americans and the unemployment rate goes up - which only serves to further negatively impact the economy.

According to the Bureau of Economic Analysis, the annual value of U.S.-China trade rose nearly exponentially in the past thirty years.

In 1985, the deficit was only $6 million, but by 2005 it reached $202,2781 billion and finally came to rest at $365.6945 billion by December 2015.

To put things simply, China sells goods to America for extremely low prices. According to the Federal Reserve Bank of St. Louis, in 2015 China spent 30 cents or less on U.S. goods for every dollar Americans spent on Chinese goods.

China continually purchases U.S. Treasury notes and is the largest lender to the United States Government, AboutNews explained. China does this to ensure Americans will continue to purchase Chinese-made goods and to keep the U.S. from another recession, which would keep American shoppers from wanting to purchase anything unnecessary - including Chinese exports.

Tim Geithner, 2009's U.S. Treasury Secretary, continued to engage in the U.S.-China Strategic Economic Dialogue to open U.S. companies to China's domestic market and raise the price of Chinese exports, but was unsuccessful. 

Fortune reported several in Washington continue to search for resolutions, most of which focus on provisions against currency manipulation in the Trans-Pacific Partnership trade deal.

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