The trade war between the US and China threatens nearly 1.5 million jobs across the United States that depend on the shipping of products through ports in the state of California, according to a new report.

Axar.az reports citing foreign media.

Lost markets due to higher import costs pose a risk to $186 billion in annual merchandise trade through the ports near Los Angeles, California, and will burden consumers with billions of dollars in price increases, according to the study released Tuesday by the Port of Los Angeles, which is heavily reliant on trade with China.

“Some regions and industries are already feeling the pain and the damage to jobs, income and tax revenue could be crippling down the road," Gene Seroka, executive director of the Port of Los Angeles, said in a statement.

America’s largest container port complex, including the ports of Los Angeles and Long Beach, handles $380 billion in two-way cargo, with China accounting for 54 percent of imports and 29 percent of exports, according to the study.

The report, which coincided with an address on trade by President Donald Trump on Tuesday, clearly contradicts the White House's message in recent months that the United States is easily withstanding Trump's commercial conflict.

The United States and China have so far slapped tariffs on almost a half-trillion dollars in two-way trade.