By: Greg Hilburn, Claire Taylor and Nick Wooten, The News Star
Trade regulations imposed by President Donald Trump's administration, which levy a 25 percent tariff on $34 billion worth of Chinese imports to the United States quietly went into effect at midnight Friday.
Chinese authorities quickly retaliated with equivalent tariffs on $34 billion worth of imported U.S. goods.
This was the latest in a series of tariffs that began in January and has already affected imports of solar panels and washing machines, as well a steel and aluminum.
Louisiana’s reliance on trade makes it a unique microcosm of how the ongoing tariff battle will affect America, Bloomberg News reported last week.
A trade war would slow Louisiana’s total economic output by a minimum of 7 percent over five years, the most of any state, according to the Federal Reserve Bank of Dallas, Bloomberg reported, and put one in six jobs in the state of 4.7 million at risk.