Trade Works for Louisiana
Trade works for Louisiana.
The administration’s new tariffs threaten to spark a global trade war. Canada, Mexico, the EU, and China have already retaliated or announced plans to retaliate with billions of dollars in tariffs on American-made products.
Tariffs imposed by the United States are nothing more than a tax increase on American consumers and businesses, including manufacturers, farmers and technology companies, who will all pay more for commonly used products and materials. Retaliatory tariffs imposed by other countries on U.S. exports will make American-made goods more expensive, resulting in lost sales and ultimately lost jobs here at home. This is the wrong approach, and it threatens to derail our nation’s recent economic resurgence.
Louisiana Jobs Supported by Trade: 553,200
Total State Exports Threatened by New Tariffs: $5,940,026,840
Total Exports to Canada Threatened by New Tariffs: $120,469,509
- Herbicides, Antisprout: $47,981,707
- Coffee, Roasted, Not Decaffeinated: $47,365,241
- Sauces Etc., Mixed Condiments and Seasonings: $8,460,803
Total Exports to China Threatened by New Tariffs: $5,724,987,886
- Soybeans: $5,619,274,731
- Corn: $45,167,980
- Grain Sorghum: $42,980,309
Total Exports to EU Threatened by New Tariffs: $87,386,221
- Corn $51,508,479
- Vegetables, Prep Etc., No Vinegar Etc., Frozen: $26,383,041
- Articles of Iron or Steel: $2,163,095
Total Exports to Mexico Threatened by New Tariffs: $7,183,224
- Food Preparation: $1,853,617
- Pipe, Oil Line Etc.: $1,380,438
- Drill Pipe used for Oil, Gas Drilling, Iron/Steel: $827,675