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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.
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Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S. President Donald Trump saying he'll raise taxes on many imported goods from Canada to 35%. Trump's move deepens a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. Alabama U.S. House member Terri Sewell was in Tuscaloosa for a small business round table at the Edge Incubator Center. She says tariffs, overall, may hurt Alabama.
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Alabama Gov. Robert Bentley says he used his trip to Japan to strengthen existing relationships with Japanese companies.Bentley told reporters Monday that…
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Alabama's governor says the president is realizing that the federal health care law is unworkable.The president announced Thursday that consumers should…
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Alabama Gov. Robert Bentley's first day in Japan included a meeting with a trade official.A spokesman for the governor said he talked with Hiroyuki…
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Gov. Robert Bentley and other state officials are traveling to Japan on a trade mission.The governor's office says the delegation will depart Sunday for a…