Toyota is an economic powerhouse in Alabama, promising yet more hundreds of millions in new investment. Donald Trump’s potential 25 percent tariff on foreign automobiles and auto parts pose a huge threat to Alabama’s auto industry if it isn’t resolved soon.
Toyota, Hyundai, Mazda and Mercedes-Benz – all with plants in Alabama — helped generate $747 million in state and local tax receipts, produced 968,982 vehicles within the state’s boundaries and supported more than 13,000 direct jobs.
Read the article at AI.com.
The post ‘Hope for the Best’: How Alabama’s Soaring Auto Industry Could Be Stifled By Trump Tariffs appeared first on Fleet Management Weekly.
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