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The Port of New Orleans is the only deep-water container port in Louisiana. It has an annual capacity of 840,000 TEU, with six gantry cranes to handle 10,000 TEU vessels. Four new 100-foot gauge gantry cranes were ordered spring/summer 2019 and are under construction.
Logistics firms say lessons learned from the US-China trade war in 2018 and the changes implemented since may help cushion the blow if Trump makes good on promises to hike tariffs on US imports.
The Louisiana International Terminal or LIT is an approved project for a container port at the mouth of the Mississippi.It will be at St. Bernard Parish in Violet and allow container ships with 50-foot drafts – and unlimited lengths, widths, and heights.
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States port of entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
Port NOLA: 285 sailings estimated for 2022 as cruises return to the city
The Congress passed a tariff act (1789), imposing a 5% flat rate tariff on all imports. [22] Between 1792 and the war with Britain in 1812, the average tariff level remained around 12.5%, which was too low to encourage consumers to buy domestic products and thus support emerging American industries.
Trump's top trade advisor Peter Navarro said on Friday that tariff revenue will help pay for the extension of Trump's 2017 tax cuts, which total some $4 trillion and expire this year.
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