You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

US-China Trade War Has Put Nearly 1.5 Million US Jobs At Risk Of ‘Reduced Hours, Possible Layoffs,' Study Shows

Added 11-12-19 07:16:03pm EST - “A new study released Tuesday found that 48% of cargo at the busiest port complex in the U.S. is subject to tariffs, which puts about 1.47 million jobs at risk.” - Dailycaller.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Dailycaller.com: “US-China Trade War Has Put Nearly 1.5 Million US Jobs At Risk Of ‘Reduced Hours, Possible Layoffs,’ Study Shows”. Below is an excerpt from the article.

WASHINGTON — Nearly half the cargo that travels through the busiest port complex in the U.S. is subject to tariffs, which puts about 1.47 million jobs at risk nationally, a study released Tuesday shows.

The study by the Port of Los Angeles and BST Associates looked closely at the impacts of the U.S.-China trade war on all 435 congressional districts and found that tariffs most negatively influence jobs and trade in California, Texas, Illinois, Ohio, Michigan, Arizona, Indiana, Missouri, Colorado, Wisconsin and Minnesota.

When the trade war began in March 2018, Port of LA Executive Director Gene Seroka said during a Tuesday press conference that the cargo port “immediately took interest and commissioned a study” and hypothesized three possible outcomes.

Today, #PortofLA released a new study on the impact of tariffs nationwide: “By The Numbers: Jeopardizing the National Benefits of Trade Through America’s Busiest Port Complex.” https://t.co/dXI48ppSwY pic.twitter.com/4Y2dJoNBuS

“One would be higher prices for consumers. … An additional $31 billion is attached to what you and I spend in the store,” Seroka explained.

Read more...



Post a comment.

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE