Alabama may be hit hard by tariffs from China. Business Insider reports that threatened retaliatory trade actions by China could cost the state over two and a half billion dollars. China says it will impose fifty billion dollars’ worth of tariffs on Texas, Louisiana, South Carolina, Kentucky, and California, among others as well as Alabama. The proposed Chinese actions follow similar tariffs imposed on that country by President Trump. In Alabama, most of the two and a half billion in extra charges will reportedly impact the manufacture of small engine vehicles.
Alabama may be hit hard by Chinese tariffs...
