Port of Iberia expects minimal impact from President Trump's tariffs
NEW IBERIA, La. (KLFY) -- Port of Iberia Director, Craig Romero, said despite President Donald Trump announcing sweeping tariffs to other countries across the world, the impact will be minor on business right here at the ports.
On Wednesday, President Trump unveiled tariffs on imports of all goods. The reciprocal tariffs will be a 10% minimum with other countries having higher rates. Since the Port of Iberia deals with companies from all over the world the question of how this can impact business arose.
"Our application and the utilization of this port is not going to are going to be impacted by those (tariffs)," said Romero.
The real impact will likely be felt in deep water ports in the state like the port of New Orleans and the port of south Louisiana where foreign countries bring in imported goods. The Port of Iberia has established companies from other countries that anchored down at the port. This allows those companies to not have to deal with tariffs.
Romero said. "Our port is so totally different than those deepwater ports that our application and the utilization of this port is not going to be impacted by those. We don't we don't have what those other deepwater ports have in terms of activity."
While costs may go up on material, Romero does not expect it to be a permanent situation for the Port of Iberia to deal with.
"The cost of goods across the board are going to go up from whatever all the people, you know, theorize. In terms of the long game, he's (Trump) just trying to bring manufacturing back to this country." said Romero.
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