If the voyage of the ship and the costs associated with it could not be defrayed nearly as well by imported manufactured goods due to the tariffs, then the price he is going to be paid per bail of cotton is going to go down.
That is money directly out of his pocket."
That's a lot of "ifs", so here's what actually happened.
1860 a large cargo ship docks in New Orleans to load up on cotton.
Merchants on board will inspect, buy & load cotton they approve of.
Price of cotton in New Orleans is $.10 per pound, so planter with 50 bales of 500 lbs. each receives $2,500 roughly equivalent to $1 million today.
Planter goes home & pays his bills, orders more land cleared for next year.
Delivered cotton price in 1860 about $.135 per pound, meaning our cotton ship merchants carrying, say, 5,000 tons of cotton gross $1,350,000 of which $350,000 less freight is margin.
For the return trip they load up with a mixed cargo of woolens, silk, iron products and wine, all dutiable.
Their ship returns first to New York where merchants off-load some of their imports to a bonded warehouse, then continue on the return trip to New Orleans.
Imports remain in bonded warehouses (NY or NO) until buyers are found at which point tariffs are paid and products ship to end customers.
In the mean time, our cotton planter purchased imported silk for his wife & daughters, a new iron stove for the kitchen and some nice French wine.
So he paid directly for some of the import tariffs.
He also invested in a company building Southern railroads and they imported huge volumes of iron products from the North.
Northerners "exported" $200 million per year to the South and with their earnings also purchased imports from bonded NY warehouses.
So who paid the import tariffs?
Cotton's $200 million exports would cover about half, but there was another $200 million in "exports" from North to South which helped pay for imports.
If we figure that $200 million "exported" South plus the remaining $200 million (including specie) of non-cotton foreign exports, the total is $600 million of which cotton was 1/3 of 33%.
FLT-bird: "Notice how this affects the yeoman farmer who devoted say 10 of his 40 acres to cotton in order to raise money to buy the things he could not produce as well as Plantations like Tara in GWTW.
Money out of their pockets two ways.
They all feel it.
Slavery only concerns that plantation owner.
The tariff concerns everybody.
But of course its not surprising to see the PC Revisionists try to just scream 'slavery slavery slavery' at every turn while denying how the Northern states were voting themselves other people’s money....how corporate fatcats had politicians in their pocket and manipulated government policy to increase their profits."
Except, "slavery, slavery, slavery" is what Deep South Fire Eaters said in late 1860 & early 1861.
It's what Senator Davis proposed in December 1860 in his version of Corwin's amendment.
It's what Confederate VP Stephens said was the "cornerstone" of their new government.
So the notion there were really more important "other reasons" was simply concocted after the fact to put a prettier face on an otherwise very ugly business, FRiend.
He said it.