According to data offered by the U.S. Chamber of Commerce in a report issued on Monday, Alabama stands to lose as a result of President Donald Trump’s trade policy.
The Chamber estimates 567,500 of the state’s jobs are threatened by tariffs the administration seeks to levy on Canada, China, the European Union and Mexico.
In addition to those jobs, the Chamber estimates nearly $3.6 billion in exports from Alabama that are also threatened. The exports included in the calculations are aluminum, autos, soybeans and steel.
“Tariffs imposed by the United States are nothing more than a tax increase on American consumers and businesses, including manufacturers, farmers, and technology companies, who will all pay more for commonly used products and materials,” the report said from the Chamber’s one-pager on the Trump trade policy’s impact on Alabama. “Retaliatory tariffs imposed by other countries on U.S. exports will make American-made goods more expensive, resulting in lost sales and ultimately lost jobs here at home. This is the wrong approach, and it threatens to derail our nation’s recent economic resurgence.”
The Chamber calls on people to reach out to their respective members of Congress to voice opposition to these tariffs.
@Jeff_Poor is a graduate of Auburn University and is the editor of Breitbart TV.
Don’t miss out! Subscribe today to have Alabama’s leading headlines delivered to your inbox.