Louisiana shrimpers hope tariffs keep their sinking industry afloat

Shrimpers hope tariffs help even the playing field with foreign competitors

Gulf Coast shrimpers are one group that's hopeful the Trump administration's tariffs will help bring jobs back to America.

Louisiana shrimp industry backs tariffs

LOUISIANA (KLFY) -- Louisiana Shrimp Association President Acy Cooper says the impacts of tariffs on the industry is expected to do what shrimpers across the nation have been hoping for since imports began taking over. The once $2.5 billion industry has significantly decreased over the years with cheaper imported products from countries like India and Ecuador. Cooper says he and the rest of the Shrimper's Association backs the tariffs as it brin…

Galveston shrimpers say tariffs could save the sinking industry

Galveston shrimpers say the tariffs could be the lifeline they need to compete with cheaper foreign imports, which now make up more than 90% of the U.S. supply.

Louisiana shrimpers hope tariffs keep their sinking industry afloat

By Jonah Gilmore Click here for updates on this story     NEW ORLEANS (WDSU) — As a result of tariffs, one industry in Louisiana said they’re expecting to see a spike in sales. Shrimpers said President Donald Trump’s new tariffs on shrimp-supplying countries are a good catch for their business. Fred Everhardt has spent decades of his life as a shrimper, experiencing every time his industry sinks. “It’s coming at a very much-needed time for our i…

What Does Forrest Gump's Shrimping Profit Teach Us About The Domestic Winners From Tariff Increases?

In the 1994 Blockbuster movie titled Forrest Gump, Mr. Gump becomes extremely rich as a shrimper when a natural disaster destroys all of his rivals’ boats. Tom Hanks stars as a lovable monopolist!

The shrimp caught in Florida could become one of the products benefited by the trade policy proposed by Donald Trump, who proposed a new round of import tariffs.The bill, aimed at curbing dependence on foreign products, opens a window of opportunity for a sector hit by international competition and by the sustained increase in operating costs.Shrimp production in FloridaAccording to data from the Florida Department of Agriculture and Consumer Se…