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Economists and companies warn that consumers have yet to feel the full effect of President Donald Trump’s tariffs, but that prices are likely to spike this summer.
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The state is leading a coalition of 12 states suing over tariffs. Oregon’s economy is highly trade-dependent.
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The stock market selloff that followed President Trump’s latest tariff announcement underscored the “unprecedented” risk that California pension funds see in a potential trade war.
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The stock price of Beaverton-based Nike, dropped sharply in response to the news that tariffs against Vietnam would rise 46%. Vietnam produces half of Nike footwear.
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Oregon’s biggest trading partners include Mexico and Canada, but tariff threats from President Donald Trump could raise costs, strain business relationships.
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President Donald Trump’s plan to impose sweeping tariffs on goods coming to the U.S. from Canada and Mexico may have taken a back seat, for now. But many farmers in Oregon are dependent on overseas markets, and concerned about the effects of a trade war.