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Major trade partners swiftly hit back at President Donald Trump's increased tariffs on aluminum and steel imports, imposing stiff new taxes on U.S products from textiles and water heaters to beef and bourbon. Alabama may be impacted by actions Canada is taking on products that the state exports north of the border.
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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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An economics expert from Auburn University at Montgomery warns that Alabamians may soon face higher prices at the grocery store and gas pump. This comes as the White House moves to impose tariffs on U.S. imports from Canada, Mexico, China and, more recently, stricter tariffs on steel and aluminum.
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The Port of Mobile is bracing for Donald Trump’s tariffs against Canada and Mexico which could resume as soon as March. Automakers told CBS News that new car prices could jump by six thousand dollars each if the trade war starts up again. That could hit the Port of Mobile which handles automobile shipments with Mexico.
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Donald Trump has given voters a hefty list of promises, and many of them come due right away. On many major issues, Trump promises to deliver on Day 1. But there's only so much Trump can do without Congress, and some of his vows are bound to fall short.
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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…
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Alabama’s commerce secretary says the current rhetoric about tariffs and trade barriers from the White House are hurting investments in Alabama.Commerce…
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Alabama's governor is distancing herself from President Donald Trump on the issue of trade, saying import tariffs like those supported by the Trump…