There may be usually a cargo ship, parked, getting unloaded underneath the cranes. However the 145% tariff on imports from China introduced delivery manner down. And it will take some time for the delivery volumes to return on the Port of Los Angeles.
Sarah Gonzalez/NPR
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Sarah Gonzalez/NPR
There may be usually a cargo ship, parked, getting unloaded underneath the cranes. However the 145% tariff on imports from China introduced delivery manner down. And it will take some time for the delivery volumes to return on the Port of Los Angeles.
Sarah Gonzalez/NPR
Although the 145% tariff on Chinese language imports solely lasted a month, it already inflicted its scars on the economic system. World commerce is simply not one thing you’ll be able to flip on and off like that.
Some corporations received actually unfortunate. Like these whose items arrived at U.S. ports earlier than the pause. If a medium measurement firm had 1,000,000 {dollars} value of products imported, they needed to pay an further million and a half {dollars} on high of that – only for the tariff.
At present we’re bringing you a portrait of this unfathomably excessive tariff. What a month of 145% tariffs regarded like and felt like for 3 folks within the international economic system whose lives had been all affected and nonetheless will likely be. Those who received fortunate and those who received actually unfortunate.
This episode of Planet Cash was produced by Emma Peaslee and edited by Jess Jiang. It was engineered by Jimmy Keeley and fact-checked by Willa Rubin. Alex Goldmark is our government producer.
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