(Lake Charles, Louisiana) – Have you noticed prices going up when you shop in Louisiana? We have all the details.
Whether it’s food, clothes, or tools, one reason might be something called tariffs.
What Are Tariffs?
A tariff is a tax that the U.S. government puts on goods that come from other countries. For example, if a company in Louisiana wants to buy lumber from Canada, the government might charge a tariff on that lumber when it arrives. That makes it more expensive for the company, and for you, the buyer.
How Do Tariffs Affect Louisiana?
Louisiana does a lot of business with other countries. Our ports bring in tons of products from all over the world. These goods include things like fuel, cars, seafood, and even farming supplies. When tariffs are added, the price of these items can go up because businesses have to pay more to bring them in.
They often pass those extra costs on to customers. That means higher prices at the grocery store, the hardware store, or even the gas station…