{"id":175724,"date":"2025-04-07T15:05:20","date_gmt":"2025-04-07T15:05:20","guid":{"rendered":"https:\/\/peraltafinancing.com\/alabama\/tariffs-threaten-alabama-wallets-jobs-and-global-trade\/"},"modified":"2025-04-07T15:05:20","modified_gmt":"2025-04-07T15:05:20","slug":"tariffs-threaten-alabama-wallets-jobs-and-global-trade","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=175724","title":{"rendered":"Tariffs threaten Alabama wallets, jobs, and global trade"},"content":{"rendered":"


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Alabama voters overwhelmingly backed Donald Trump in the 2024 presidential election, and the results were decisive. But now, with sweeping tariffs looming, many of those same voters are growing uneasy \u2014 and rightfully so.<\/p>\n

We should all want every administration to succeed. We should want Congress to succeed. Because when they do, the country succeeds. That used to be a common belief \u2014 an unspoken agreement that regardless of party, we were all pulling for the same flag. But somewhere along the way, that sense of shared purpose got lost. Now, too many people believe they only win if the other party loses.\u00a0<\/p>\n

But the unease is not without reason. President Trump\u2019s latest trade moves have rattled global markets, triggered retaliation from foreign governments and sparked sell-offs \u2014 as several Alabama residents expressed in recent conversations. He claims tariffs will bring jobs back to the U.S., raise wages, curb drug trafficking and migration, and fund tax cuts \u2014 goals economists say are often contradictory and, in some cases, mutually exclusive.<\/p>\n

What does this mean for Alabama?<\/h2>\n

Even some of Trump\u2019s die-hard supporters are starting to voice private concerns, such as, \u201cI hope he knows what he\u2019s doing,\u201d or, \u201cMaybe it\u2019s just a bluff that pays off in the long run.\u201d But for many Alabama families \u2014 especially those already struggling to make ends meet \u2014 this isn\u2019t a moment for political poker. These tariffs threaten real harm \u2014 not theoretical pain, but actual dollars and cents pulled straight from kitchen tables across this state.<\/p>\n

Our senior U.S. senator, Tommy Tuberville \u2014 a very wealthy man well insulated from rising prices \u2014 recently dismissed the looming costs with a flippant, \u201cNo pain, no gain.\u201d But when Alabama voters cast their ballots, did they vote for pain? Or did they believe the economy would improve?<\/p>\n

Let\u2019s be clear about what\u2019s at stake.<\/h2>\n

These tariffs will cause grocery bills to rise quickly \u2014 and sharply. Seafood, of which 85 percent is imported, could jump ten to twenty percent as tariffs hit major suppliers like Vietnam and India. Shrimp, catfish and tilapia \u2014 dinnertime staples in homes and restaurants from the Gulf Coast to Guntersville \u2014 will cost more.<\/p>\n

Imported coffee? Up 15 to 25 percent. That nine-dollar bag might hit twelve. Fruit \u2014 bananas, pineapples, melons \u2014 could jump ten percent or more. These aren\u2019t luxuries. They\u2019re everyday groceries packed into school lunches, delivered to senior homes and spread across supper tables in small towns and big cities alike.<\/p>\n

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Wine from Europe and beer from Mexico and Ireland \u2014 yes, that means your Modelo, Heineken, Guinness and Chardonnay \u2014 will take a hit. So will aluminum cans, meaning even domestic beer prices could climb.\u00a0<\/p>\n

And rice \u2014 jasmine from Thailand, basmati from India \u2014 could jump 25 to 35 percent. Cashews and macadamias, mostly from Vietnam and Brazil, will spike, too. Chocolate, imported from C\u00f4te d\u2019Ivoire and Ecuador, could become a luxury.\u00a0<\/p>\n

But the bigger bombshell may be what these tariffs do to Alabama\u2019s export economy. We exported over ten billion dollars in vehicles in 2023 \u2014 cars made in Montgomery, Vance and Huntsville. A 25 percent auto tariff threatens to grind that engine to a halt. Retaliation from other countries could also hammer Alabama\u2019s aerospace exports, poultry producers, chemical shipments and metals industry. The very sectors that made Alabama competitive on the global stage are now on the chopping block.<\/p>\n

We\u2019ve seen this movie before. In 1930, Congress passed the Smoot-Hawley Tariff Act to protect American industries during the Great Depression. The result? A global trade war, collapsed exports and a deeper economic crisis. Farmers and workers \u2014 the supposed beneficiaries \u2014 were the first to suffer.<\/p>\n

More recently, Trump\u2019s 2018\u20132019 trade war with China left deep scars across the South. China retaliated by slapping tariffs on U.S. soybeans and pork. The result: tens of billions in taxpayer-funded bailouts just to keep family farms afloat. Nobel economist Paul Krugman called the trade war \u201cvery easy to lose\u201d and warned it was \u201cdoing serious damage to the U.S. economy.\u201d Former Fed Chair Ben Bernanke put it plainly: \u201cTrade wars are very expensive\u2026 they cause economic pain on both sides.\u201d And trade historian Douglas Irwin concluded tariffs \u201chave never been an effective tool for economic growth\u201d \u2014 instead leading to retaliation and long-term decline.<\/p>\n

So who wins in this trade war?<\/h2>\n

A few protected industries and politically favored companies may come out ahead \u2014 aluminum, steel, maybe a rice grower in Arkansas. But the losers? Consumers. Grocers. Truckers. Auto workers. Farmers. Restaurant owners. People trying to afford dinner and gas in the same week. Alabama didn\u2019t vote to lose \u2014 but that\u2019s exactly what many are about to do if this goes forward.<\/p>\n

The numbers don\u2019t lie, even if politicians do.<\/h2>\n

According to analysis<\/a> by Erica York and Alex Durante at the Tax Foundation \u2014 the world\u2019s leading nonpartisan tax policy nonprofit \u2014 the 2025 Trump tariffs are poised to become the largest tax increase since 1982. Let that sink in.<\/p>\n

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\u201cIn 2025, the Trump tariffs will increase federal tax revenues by $258.4 billion, or 0.85 percent of GDP,\u201d they write. That\u2019s not chump change \u2014 that\u2019s a historic tax hike. Larger than anything passed by George H.W. Bush. Bigger than Clinton\u2019s 1993 reform. Greater even than the tax policies pushed under President Obama.<\/p>\n

And it won\u2019t stop at the federal balance sheet. The Tax Foundation also finds the Trump tariffs will reduce after-tax income by an average of 1.9 percent \u2014 amounting to more than $1,900 in added tax burden per U.S. household in 2025.<\/p>\n

Meanwhile, back in Montgomery, lawmakers are pulling the plug on one of the few bright spots for working people \u2014 the state\u2019s \u201cno tax on overtime\u201d policy. It was putting real money in real pockets, but legislators now say the state \u201ccan\u2019t afford it.\u201d That\u2019s rich, considering they just let a billion-dollar gaming bill die in committee without a vote. Families are about to be squeezed on all sides \u2014 by rising costs from federal tariffs and shrinking support from their own state government. That\u2019s not just pain. That\u2019s policy failure.<\/p>\n

You can\u2019t claim to fight for the people while draining their wallets. Alabama\u2019s working families didn\u2019t vote for higher grocery bills, lost jobs and a shrinking future \u2014 but that\u2019s exactly what they\u2019re getting.<\/p>\n

If this is what \u201cAmerica First\u201d looks like, then Alabama just got left behind.<\/p>\n

\n\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Alabama voters overwhelmingly backed Donald Trump in the 2024 presidential election, and the results were decisive. But now, with sweeping tariffs looming, many of those same voters are growing uneasy \u2014 and rightfully so. We should all want every administration to succeed. We should want Congress to succeed. Because when they do, the country succeeds. […]<\/p>\n","protected":false},"author":1,"featured_media":175725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11763],"tags":[12750,12795,70015,5714,11011,16168,24858,9792,70016,7741],"dealstore":[],"offerexpiration":[],"class_list":["post-175724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alabama","tag-alabama","tag-donald-trump","tag-export-economy","tag-global","tag-jobs","tag-tariffs","tag-threaten","tag-trade","tag-u-s-senator-tommy-tuberville","tag-wallets"],"yoast_head":"\nTariffs threaten Alabama wallets, jobs, and global trade - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=175724\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tariffs threaten Alabama wallets, jobs, and global trade - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Alabama voters overwhelmingly backed Donald Trump in the 2024 presidential election, and the results were decisive. 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