US ports fear tariffs could reduce ship traffic and job
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.
In New Orleans, port officials say a tariff-related drop in shipments is real, not merely a forecast. Steel imports there have declined more than 25 percent from a year ago, according to the port's chief commercial officer, Robert Landry.
The port is scouting for other commodities it can import. But expectations appear to be low.
"In our business, steel is the ideal commodity," Landry said. "It's big, it's heavy, we charge by the ton so it pays well. You never find anything that pays as well as steel does."