Beer brewers, steel and aluminum companies, shrimpers, and construction and heavy machine manufacturers all stand to benefit. Each of those industries has been hurt by a flood of cheap imports and is eager for more tariffs to raise prices on overseas competitors.
Shrimpers and shrimp associations hailed the tariffs as a critical lifeline for an industry that has been battered by foreign competition.
Roughly 96% of all the shrimp eaten in America is imported from countries such as India, Indonesia and Ecuador, as the cost of raising shrimp in a pond overseas is considerably cheaper than outfitting a shrimp boat with paid workers, fuel and other necessities in the U.S.
The cheaper imports had faced no import tariffs, undercutting the U.S. shrimp industry. As a result, U.S. shrimpers have lost nearly 50% of the market value and forced many shrimping businesses to close, according to data from the Southern Shrimp Alliance.
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