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New Orleans businesses brace for impact of tariffs

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Some tariffs related to the auto industry are set to be in place at midnight.
New Orleans businesses, particularly those in the seafood and manufacturing sectors, are preparing for potential economic challenges due to the impending tariffs on Chinese goods set to take effect on September 1, 2019. The tariffs, part of the ongoing trade war between the U.S. and China, are expected to increase costs for businesses that rely on imported goods from China, such as seafood and manufacturing components. Local business owners, including those from the Louisiana Seafood Promotion and Marketing Board and the New Orleans Manufacturers Association, have expressed concerns about the potential impact on their operations, including higher prices for consumers and reduced competitiveness in the global market. They are urging the U.S. government to reconsider the tariffs and seek alternative solutions to resolve the trade dispute.

Read the Full WDSU Article at:
[ https://www.wdsu.com/article/new-orleans-businesses-brace-for-impact-of-tariffs/64369560 ]