hereforamerica
How Alabama’s Soaring Auto Industry Could be Stifled by Tariffs
Here for America
Toyota announced that it would increase its previous 2017 investment of $10 billion in the U.S. over five years to $13 billion while keeping the same timeframe. But uncertainty over looming tariff threats is causing concerns over whether Toyota will move ahead with those investments.
1
×
How Alabama’s Soaring Auto Industry Could be Stifled by Tariffs

Toyota is an economic powerhouse in Alabama, promising yet more hundreds of millions in new investment. Donald Trump is a political darling among Alabama conservatives, and a heavy favorite to again win this deep red state in 2020.

But these two titans could be on a collision course if uncertainty over a potential 25 percent tariff on foreign automobiles and auto parts isn’t resolved soon.

Read more…