Austal: Wait and see on tariffs - Tri-State News, Weather & Sports

Austal: Wait and see on tariffs

Austal USA shipbuilding facility on the Mobile River in downtown Mobile, Ala. (FOX10 News) Austal USA shipbuilding facility on the Mobile River in downtown Mobile, Ala. (FOX10 News)
MOBILE, AL (WALA) -

Austal USA, which operates a shipyard in Mobile, is withholding comment on President Trump's pledge to impose tariffs on imported steel and aluminum.  Austal is an acronym for Australian Aluminum shipbuilding.

Monday's Wall Street Journal says overseas officials are opposed to the tariffs and that U.S. executives are warning that tariffs could "undermine a strengthening American economy".  The President said Thursday he would impose 25% tariffs on imported steel and 10% duties on aluminum imports.

When asked for a comment, Austal said, "Until we know and understand the details of the new policy, we cannot comment on the impacts to our programs". 

Austal USA employs more than 4,000 employees at its site on the Mobile River and says it has created or supported more than $383 million in annual wages since 2009.

Rep. Bradley Byrne's office said, "We are waiting to see the final details of the President’s action, especially whether the tariff will apply to all countries or just bad actors. Congressman Byrne is a strong supporter of the U.S. steel industry and wants to make sure any tariffs benefit our local steelmakers and the overall American economy". 

Texas Senator John Cornyn, the second ranking Republican in the Senate, said he wants the Senate Finance Committee to hold hearings on the proposed tariffs.

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