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Alabama exports to China may almost double in price soon. The communist nation is vowing to impose an eighty four percent tax on U.S. imports in retaliation to Donald Trump’s fifty percent tariff. The U.S. China Business Council says Alabama exported four billion dollars in products to China last year.
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Wall Street is having another tough day amid anxiety over President Donald Trump's often-changing tariff proposals. Trump delayed most tariffs on Mexican goods after talking with their president. But Canada's prime minister said retaliatory Canadian tariffs will remain as long as Trump leaves any U.S. tariffs in place. Alabama may get a momentary reprieve based on the “fine print” in Trump’s latest action on tariffs.
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Donald Trump’s tariffs against Mexico and Canada are set to go back into effect this coming Tuesday (3/4.) The Port of Mobile, and Alabama’s Port Authority, are watching to see whether this could help or hurt.
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Hyundai Motor Company's labor union says steep auto tariffs could cost U.S. jobs, including here in Alabama.The labor union at South Korea's largest auto…