Walmart is making its annual push to get credit for its self-proclaimed massive investment in U.S.-made products, which means it's time for a reality check. The Alliance for American Manufacturing, which put together the infographic below, has the facts:
When Walmart claims that its American-made goods initiative will create 1 million new American jobs, it fails to mention that Chinese-made goods entering the United States through Walmart totaled at least $49.1 billion in 2013 alone.
It also doesn't mention that the combined effect of imports from and exports to China through Walmart accounted for about 15 percent of the growth of the overall American goods trade deficit with China between 2001 and 2013.
Or that the Walmart-based Chinese trade deficit eliminated 400,000 American jobs during that time.
Walmart's rosy claims are on the left; the AAM's reality check is on the right.