The US Trade War with China Kills the City of Angels

01 August 2018, 13:28 | Economy
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Mass unemployment, impoverishment and increased crime awaits Los Angeles in the near future, if Washington and Beijing do not stop exchanging trade blows. This was announced by the Mayor of the city Eric Garcetti. He recalled that it is the port of Los Angeles, as well as the second largest port of California, Long Beach, which are the main container ports of the country. And more than half of the freight is accounted for by trade with China. However, duties on imports of Chinese goods and Beijing's response have already resulted in a 20% decrease in cargo volume. This means imminent reductions in port staff. "We will undoubtedly observe a loss of jobs, a reduction in working hours, a significant reduction in the level of salaries," said Garcetti. - There will be families in Los Angeles who will not be able to feed their children. Workers engaged in construction, will also bring home a small amount of money, "- RIA Novosti quoted the words of the mayor of the city. The mayor said that all residents of the City of Angels and even tourists would suffer.. For example, because of the increase in prices after the introduction of duties on Chinese steel, the Los Angeles authorities had to cancel the decision to build 15 lines for rail transport. And given the losses from reducing the number of tourists from China, the city will have to revise and other programs.

However, the White House does not seem to hear American complaints. The day before it became known that the Trump administration intends to introduce a 25% duty on a new list of goods from China for a total of $ 200 billion, although previously it was said about 10%, reports Bloomberg. Recall, in June, Washington introduced a 25% duty on Chinese goods worth $ 50 billion. Beijing in response introduced similar duties on US goods worth $ 34 billion and promised to respond symmetrically if the US takes new steps in the "trade war".




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