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US Faces World Trade War With Surcharge Warns Port Official
John F. Parkinson of the Los Angeles Harbour Department warned that extending the 10 percent import surcharge could push the U S into a global trade war. He said imports may drop within 90 to 160 days and that foreign car makers and iron ore shipments would feel the impact, with Los Angeles port traffic not returning to prestrike levels for at least a year.
MENTIONED IN THIS ARTICLE
Jack
Baldwin
United States
Nixon
Angeles
John F. Parkinson
Action
Los Angeles
Warbor
Parkinson
U.S
Harry Bridges
International Longshoremen’s and Warehousemen's Union
Japan
West Germany