US ports fear tariffs could reduce ship traffic and jobs
Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a slowdown in shipping that would have ripple effects on truckers and others whose jobs depend on trade.
The Associated Press analyzed government data and found that from the West Coast to the Great Lakes and the Gulf of Mexico, at least 10 percent of imports at many ports could face new tariffs if President Donald Trump’s proposals take full effect.
Since March, the U.S. has applied new tariffs of up to 25 percent on nearly $85 billion worth of steel and aluminum and various Chinese products, mostly goods used in manufacturing.
Trump said in a recent tweet, “Tariffs are working big time.” He has argued that the tariffs will help protect American workers and force U.S. trading partners to change rules that the president insists are unfair to the United States.
https://www.heraldnet.com/business/us-ports-fear-tariffs-could-reduce-ship-traffic-and-jobs/?utm_source=DAILY+HERALD&utm_campaign=98da0fead9-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-98da0fead9-228635337
