STATE

Louisiana

As President Trump’s latest tariffs on Canadian and Mexican imports take effect on April 2nd, Louisiana businesses and consumers are bracing for significant economic challenges. With a diverse economy deeply tied to international trade, the state’s energy, seafood, manufacturing, and agriculture sectors face immediate disruptions due to the new tariffs. Tariffs will also impact companies ability to invest and grow in Louisiana.

Tariff Impact on Louisiana: By the Numbers
Louisiana’s economy is heavily reliant on trade, with Mexico and Canada being among its top trading partners. The 25% tariff on Canadian and Mexican imports, along with levies on Chinese and European Union goods, is expected to have widespread economic consequences.

Energy Sector: Louisiana is a national leader in oil refining and petrochemical production, industries that depend on imported steel and aluminum for infrastructure and operations. The new tariffs are expected to increase fuel and utility costs by 10-15% for Louisiana residents and businesses.
 
Seafood Industry: The state’s $2.4 billion seafood industry, which includes shrimp, crawfish, and oysters, could see higher costs due to tariffs on fishing equipment and disrupted supply chains. Shrimpers already face price pressures due to competition from imported seafood, and additional trade restrictions will further strain local fisheries.
 
Manufacturing: Louisiana is home to thousands of manufacturing jobs in shipbuilding, petrochemicals, and aerospace. The 25% tariff on imports from Canada and Mexico, combined with a 10% levy on goods from China, will raise production costs and threaten job stability in these sectors. Auto parts costs could also rise by as much as $3,000 per vehicle, impacting both manufacturers and consumers.
 
Agriculture: Louisiana’s $2 billion agricultural export industry will be hit hard, particularly soybean, rice, and sugarcane producers. Retaliatory tariffs from key trading partners like Canada and Mexico could reduce demand for Louisiana’s farm products, cutting into profits for local farmers.

Recent News

April 14, 2025

Here Are the Places Where the Recession Has Already Begun

April 2, 2025

Trump aide says tariffs will raise $6 trillion, which would be largest tax hike in US history

April 2, 2025

FACT SHEET: Louisianans, Local Businesses, Farmers Brace for Higher Costs As Administration Announces New Tariffs

Events

Check back soon for new events!