Changing Trade and Transportation Patterns: NAFTA, Cuba, and the US Gulf Coast
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2023-09-01
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Edition:Final Research Report
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Abstract:This report deals with several interrelated issues of transportation, trade, and tariffs. It examines the impacts of the Trump Administration’s tariff policies on the economy of Louisiana as measured by freight movement through the Lower Mississippi River port complex. Two quantitative approaches were employed, an Import-Export Analysis for soybeans, corn, steel, and aluminum and Input-Output Analysis of employment and labor productivity. The analyses indicate that the tariffs on steel and aluminum implemented during the Trump Administration in 2018, and currently still in place, led to a retaliatory decline in exports of corn and soybeans from all three Louisiana ports exporting these grains and negative impacts on both employment and labor productivity in the Transportation and Warehousing sector in the port cities and the state. The report also examines the relationships between the U.S. transportation and trade coalitions and how changes in freight movements brought about by the tariffs as well as other exogenous factors such as the emergence of the U.S. as a net energy exporter, the benefits of Short Sea Shipping, and the potential role of Cuba as a transport hub to the southern hemisphere continue to shape transportation policy. Going forward, it recommends better coordination and cooperation between the U.S. transportation and trade coalitions to improve the benefits to both the industries and the nation.
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