国际英语资讯:Tariffs threaten nearly 1.5 mln U.S. jobs: Port of Los Angeles_时事

国际英语资讯:Tariffs threaten nearly 1.5 mln U.S. jobs: Port of Los Angeles

The economic activity generates over 310 billion dollars annually, supports roughly 3 million jobs across the country, and reaches every one of 435 Congressional districts, while goods grown or manufactured in every state flow through these ports to reach global markets, predominantly Asia.

A trade policy relying on overuse of tariffs was not only bad for the country, but caused more harm than good to long-term economic health, Rufus Yerxa, president of the National Foreign Trade Council, was quoted as saying by the port on Tuesday.

"The administration's imposition of tariffs as high as 25 percent has raised costs for everyday consumers of basic products such as food and clothing, home appliances and our ubiquitous iPhones," said Yerxa.

"That's bad enough, but they also cause untold damage to our most competitive manufacturers and farmers, rendering them less competitive at home and abroad as production costs increase and foreign retaliation shrinks their exports," said the president.

He said that "it is now clear that a tariff war without sensible constraints is a lose-lose proposition for the vast majority of Americans."

The share of import value that may be impacted by tariffs is estimated to be 56.1 percent of containerized cargo, 16.7 percent of non-containerized cargo, and 52.7 percent of total cargo, according to the study.

Meanwhile, the share of San Pedro Bay export value that is subject to retaliatory tariffs is estimated to be 29.3 percent for containerized cargo, 23.8 percent for non-containerized cargo, and 28.8 percent of total cargo, the study said.