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Europe

  • 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.
  • The Trump administration reportedly wants to cancel a collection of science missions at NASA. One, whose development and operation is based at Huntsville’s Marshall Space Flight Center in Alabama, appears to be one rallying point for NASA workers planning on staging a protest over federal budget cuts. The demonstration is set to take place on what’s known as “Moon Day” on July 20th, when the agency celebrates the landing astronauts on the moon during Apollo 11 in 1969.
  • Donald Trump threatened a 50% tax on all imports from the European Union as well a 25% tariff on smartphones unless those products are made in America. Alabama has a stake in the outcome.