Alabama Commerce Secretary Greg Canfield said this week that Alabama is seeing delays in investments due to tariff and trade talk from the White House.

In an interview with Bloomberg, Canfield said state officials are not fighting President Trump, but urging "a more measured approach."

"We've seen a couple of projects that we've been actively working where their timeline has slipped," Canfield said during a phone interview. "The longer this drags out, the more danger there is that we'll see a real drag on our economy. We're going to see Alabama lose jobs, and that's not acceptable."

Canfield did not say what companies have put investment plans on hold, but said proposed auto tariffs would raise the prices of every U.S. vehicle, since all of them have components made overseas.

The Trump Administration last month announced an investigation by the U.S. Commerce Department into whether imported vehicles and auto parts constitute a threat to national security. Reports have the administration mulling a 20 to 25 percent tariff.

Gov. Kay Ivey last month wrote to Commerce Secretary Wilbur Ross, saying Alabama could lose approximately 4,000 jobs as a result of the proposed automotive tariffs. Ross said his office received more than 2,500 comments both for and against the tariffs.

Additionally, Sen. Doug Jones said auto tariffs would "hurt Alabama, plain and simple," while Sen. Richard Shelby called for renegotiated trade deals.

In his interview, Canfield said the tariffs would curb demand and expose Alabama exports to tariffs by other countries in retaliation.

"Uncertainty equates to risk, and risk is a very chilling factor when it comes to investing your money," Canfield told Bloomberg. "You either invest it somewhere else or you hold on to it until the situation becomes more certain."

This post was modified at 7:28 p.m. July 5 to add previous comments.