{"id":67067,"date":"2025-02-04T02:39:10","date_gmt":"2025-02-04T02:39:10","guid":{"rendered":"https:\/\/peraltafinancing.com\/alabama\/could-trump-tariffs-disrupt-alabama-auto-manufacturing\/"},"modified":"2025-02-04T02:39:10","modified_gmt":"2025-02-04T02:39:10","slug":"could-trump-tariffs-disrupt-alabama-auto-manufacturing","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=67067","title":{"rendered":"Could Trump tariffs disrupt Alabama auto manufacturing?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400\">Tariffs imposed by President Donald Trump on Canada and Mexico could have dire consequences for Alabama\u2019s auto manufacturing industry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 25-percent tariffs, which are set to go into effect on Tuesday, will likely lead some auto manufacturers, including Toyota and Honda, to almost immediately shut down production at plants in both Canada and the U.S. Both Honda and Toyota have manufacturing facilities in Alabama.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">David Adams, president of the Global Automakers of Canada trade group, said in a statement late Saturday evening that the tariffs signed by Trump would \u201cquickly cause\u201d auto manufacturers on both sides of the border to halt production, as manufacturers got a handle on parts price increases and reevaluated where vehicle productions should be based.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Adams\u2019 trade group represents both Toyota and Honda. Both companies have large, 4,000-plus-employee manufacturing plants in Alabama \u2013 the Mazda-Toyota plant in Huntsville and the Honda Alabama plant in Lincoln. The plants and related supplier companies represent billions of dollars to Alabama\u2019s economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of late Sunday afternoon, employees at the plants had not received notice of potential shutdowns or work interruptions. Company officials did not immediately respond to a request for more information.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Regardless of the effect on Alabama\u2019s auto industry, the tariffs \u2013 and the resulting trade war between the U.S. and two allies \u2013 are certain to cause problems for American consumers who largely voted for Trump based on his promises to quickly reduce prices on a variety of goods. Roughly 60 percent of all U.S. imports flow across those two borders, and 25-percent price increases on those goods are certain to push up prices for nearly all Americans.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">That\u2019s not to mention Trump\u2019s 10-percent tariff on Canadian oil, which experts said will certainly raise prices at the pump.\u00a0<\/span><\/p>\n<div class=\"code-block code-block-6\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div class=\"zox-post-ad-wrap\"><span class=\"zox-ad-label\">Advertisement. Scroll to continue reading.<\/span><\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">Additionally, both countries retaliated to the tariffs, announcing equally stiff tariffs on a variety of U.S. goods, such as whiskey from Tennessee and oranges from Florida. Those taxes will dramatically cut into sales of those products, since Canada is one of the largest importers of U.S.-made goods and produce, including vegetables grown in Alabama.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Sunday, in a rambling social media post, Trump acknowledged what economists and trade experts had long warned \u2013 his tariffs will push up prices on American consumers and cause \u201cpain.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWill there be some pain? Yes, maybe (and maybe not!),\u201d Trump wrote. \u201cBut we will make America great again and it will all be worth the price that must be paid.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">During the presidential campaign, Trump\u2019s opponent, Kamala Harris, warned that the tariffs would be \u201ctax on the American family,\u201d potentially costing households $4,000 per year more for the same goods. Should the 25-percent tariffs on Canada and Mexico remain in place long term, that estimate from Harris would be low. <\/span><\/p>\n<p><!-- CONTENT END 1 -->\n\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Tariffs imposed by President Donald Trump on Canada and Mexico could have dire consequences for Alabama\u2019s auto manufacturing industry.\u00a0 The 25-percent tariffs, which are set to go into effect on Tuesday, will likely lead some auto manufacturers, including Toyota and Honda, to almost immediately shut down production at plants in both Canada and the U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":67068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11763],"tags":[12750,1213,35923,16557,29464,7824,35924,22088,16168,1175],"dealstore":[],"offerexpiration":[],"class_list":["post-67067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alabama","tag-alabama","tag-auto","tag-auto-manufacturing","tag-disrupt","tag-hyundai","tag-manufacturing","tag-mazda-toyota","tag-president-donald-trump","tag-tariffs","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could Trump tariffs disrupt Alabama auto manufacturing? 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