Louisiana businesses lost $85 million due to Trump’s tariffs
At a town hall in Lafayette on Thursday, former Congressman Charles Boustany outlined just how much the tariffs put in place by the Trump administration are costing Louisiana.
Boustany is a spokesperson for Tariffs Hurt the Heartland, a nationwide, nonpartisan campaign. According to data the group released from the U.S. Department of Agriculture and the Census Bureau:
- Businesses in Louisiana paid out $19 million in product tariffs in October 2018.
- Louisiana manufacturers and farmers paid $17 million in tariffs in October and more than $39 million since the beginning of the trade war.
- In total, Louisiana businesses have paid $85 million in extra costs since the tariffs were imposed.
Congressman Ralph Abraham has filed a bill intended to help with that part, at least. On Monday, Abraham introduced a bill to change the language to allow payments based on planted acres – helping to take the burden off farmers who were unable to harvest and store their soybeans.
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