LOS ANGELES, Nov. 12-- Port of Los Angeles warned the tariffs, imposed by the White House against its main trading partners, threaten nearly 1.5 million U.S. jobs and more than 186 billion U.S. dollars of economic activity nationwide, in a new study issued on Tuesday. The study, entitled "By the Numbers: Jeopardizing the National Benefits of Trade through U.S. Busiest Port Complex," was conducted for the San Pedro Bay ports of Los Angeles and Long Beach in Southern California, the largest container port complex in the United States. It examines economic benefits of the imports and exports to each congressional district and risk for every state's jobs, sales, income and taxes due to tariffs. "The implications are much bigger when you consider all U.S. ports, so the effects that the Port of Los Angeles is seeing should concern all U.S. ports of entry," Port of Los Angeles Executive Director Gene Seroka said at a press conference. "Every urban, suburban and rural community across our nation benefits from imports and exports moving through the San Pedro Bay ports, and ongoing tariffs are putting those benefits at risk," said Seroka in a video posted on the port's official website. "Some regions and industries are already feeling the pain, and the damage to jobs, income and tax revenue could be crippling down the road," he added. The San Pedro Bay Port Complex handles approximately 40 percent of all containerized imports and 30 percent of all containerized exports for the United States, according to data released by the port this June. |