auto tariffs

August 1st is the deadline Donald Trump set for hiking tariffs with U.S. trading partners. The current trade deal between the U.S. and South Korea could cost Alabama consumers close to a billion dollars. The website Observatory of Economic Complexity says the state imported close to six billion dollars in goods from South Korea last year. If the fifteen percent tariff is tacked onto that figure on items entering the U.S., and the cost passed to consumers, the total increase would reportedly be close to a billion dollars.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal. It raises tariffs on most European goods to 15%, warding off Trump’s threat of a 30% rate if no deal had been reached by August 1st. One question was the cost of of European cars like Mercedes Benz built in Alabama.

Donald Trump announced 30% tariffs Saturday on the European Union, a move that will have repercussions for companies and consumers on both sides of the Atlantic. The tariffs could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the U.S. The list includes Mercedes-Benz, which has its North American manufacturing plant in Tuscaloosa.

Alabama and the world marketplace is waiting to see happens next with Donald Trump and tariffs. It’s been a week since his deadline to impose a fifty percent hike on imported steel and aluminum. Alabama appears to be among those caught in the middle.

Today’s the day Donald Trump says he will hike tariffs on foreign steel and aluminum by up to fifty percent. Alabama reportedly imported eight millon tons of steel last year.

Alabama reportedly imported over eight million “short tons” of steel in 2024. The raw material was used, among other things, for the six hundred thousand automobiles produced by Alabama’s Mercedes-Benz and Hyundai factories. Now, Donald Trump told Pennsylvania steelworkers he's doubling the tariff on steel imports to 50%

Alabama is watching and waiting to see what happens next following federal court rulings on Donald Trump’s tariffs. The Court of International Trade blocked the taxes on foreign products. An appellate court overturned a similar action in other federal court.

From Tokyo to Taipei to Manila, people across Asia marked May Day with marches and protests that spotlighted growing unease over U.S. President Donald Trump's policies and fears of global economic instability.

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.

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.