The Indicator from Planet Money Why do shrimpers like tariffs?
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May 7, 2025 Why are shrimpers excited about tariffs? This episode dives into the shrimping industry's battle against cheap imports and highlights how tariffs might offer them much-needed protection. Through personal stories of shrimpers and a seafood economist's insights, the podcast reveals the tension between local tradition and foreign competition. It examines the broader implications of trade policies and the struggles within the industry, showcasing heartfelt narratives of resilience amid economic challenges.
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Import Impact on Shrimpers
- The number of shrimpers in Louisiana is shrinking drastically due to cheap imported shrimp.
- Imports from countries like Ecuador, India, and Vietnam have pushed down U.S. shrimp prices.
Shrimper Family Story
- A.C. Cooper shared his family shrimping history and raising kids on his boat, the Lacey K.
- He described dwindling shrimp boats at his Louisiana bayou dock from 20 to just a few today.
Shrimp Prices and Tariff Debate
- The real price of shrimp is about 40% lower today than 40 years ago due to foreign imports.
- Shrimpers agree imports harm them, yet economists warn tariffs would raise prices and hurt American consumers.