The Indicator from Planet Money
Why do shrimpers like tariffs?
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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Quick takeaways
- Shrimpers in the U.S. support tariffs as a protective measure against cheap imported shrimp that threaten their livelihoods.
- Economists warn that while tariffs may help shrimpers, they could raise prices for consumers and negatively affect public health.
Deep dives
Decline of the Shrimping Industry
The shrimping industry in the United States, particularly in Louisiana, has seen a significant decline over the years, with the number of shrimpers dropping from 7,000 to less than 1,500. This decrease is largely attributed to the influx of cheap imported shrimp, primarily from countries like Ecuador, India, and Vietnam, which are often subsidized to allow for lower prices. As a result, local shrimpers struggle to compete and are increasingly supportive of tariffs that might help offset the effects of these imports. Tariffs were celebrated by shrimpers when introduced at the end of the Biden administration and during Trump's tenure, as they believe these could offer them crucial financial protection against international competition.
