As Wall Street continues its wild swings under the weight of President Donald Trump’s sweeping tariffs, reactions in the Gulf South are mixed.
As fishers along the Louisiana and Mississippi coast celebrate the tariffs, auto workers in Alabama nervously check their 401(k)s. Businesses without ties to foreign trade shrug while those that rely on imports wonder how much of the cost they’ll have to pass on to customers.
Plenty are also waiting to see how this will shake out — though that does not mean nerves are calm, with uncertainty leading to stress.
“We don’t know yet, because they’re so new, exactly how they’re going to impact all these (thousands) of businesses we have here,” Bradley Byrne, CEO of the Mobile Chamber of Commerce and former U.S. Congressman, said. “And anytime you go through that as a business, you have some anxiety.”