Most recent monthly data shows Louisiana businesses paid $19 million in tariffs on products subject to new Trump tariffs during October; more than eight times what was paid on the same products last year
Louisiana businesses have now paid an extra $85 million in import tariffs
Louisiana exports are also paying the price for trade war, as local farmers and manufacturers have faced $39 million in new retaliatory tariffs on goods exported out of the state
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(LAFAYETTE, LA) – A group of representatives from Louisiana’s business and manufacturing community joined Tariffs Hurt the Heartland, a nationwide grassroots campaign against tariffs, at a town hall today to reveal new economic data detailing the impact of tariffs on the state’s economy. The townhall was moderated by former Louisiana Congressman Dr. Charles Boustany, who now serves as a spokesman for the grassroots campaign.
U.S. businesses paid $6.2 billion in tariffs in October including $2.8 billion in new tariffs on products that have been targeted by the Trump Administration
Data shows that tariffs have failed to achieve any stated Administration goals: US imports subject to new tariffs declined by just 0.6% in October, while US exports subject to retaliation fell 37%; Businesses are still importing goods while paying higher taxes, exports are falling, trade deficit is growing
Tariffs Hurt the Heartland spokesman Charles Boustany: “The numbers don’t lie. Americans are paying these taxes and they’re paying more than ever before.”
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(Washington, D.C.) – New data released today by Tariffs Hurt the Heartland and compiled by The Trade Partnership from monthly U.S. government data shows an unprecedented increase in import tariffs and falling U.S. exports due to new tariffs and international retaliation. The data, which is drawn from U.S. Census statistics on tariffs, includes the first look at the full weight of tariffs that have been imposed on $200 billion in Chinese imports and the impacts of retaliation from that action. The data shows that the $6.2 billion in tariffs paid by U.S.businesses in October 2018 is the highest monthly amount in U.S. history. It is also more than double what businesses paid in tariffs in October last year.