Reports from the governing bodies for Louisiana’s biggest ports said the effects of trade wars negatively affected them last year.
The New Orleans Advocate/The Times-Picayune reported that the recently released reports say bulk cargo volumes dropped by 25% at the Port of New Orleans in 2019, and the much larger Port of South Louisiana just upriver saw a decrease of 15%.
The newspaper reported that the state’s economic growth has increased in recent months.
But the shipping industry plays a critical role, and the slowdown suggests
President Donald Trump’s tariffs are putting pressure on parts of the economy.