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It’s unclear how import taxes will affect Oregon’s economy in the long term, but early indicators show prices going up as businesses halt investments.
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American wine industry stakeholders have different opinions about the potential fallout from tariffs on European wine, with California likely feeling the biggest impact.
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Oregon lawmakers send $100 million to Coos Bay channel dredging in preparation for shipping terminalThe $2.3 billion Port of Coos Bay and NorthPoint Development project will create an international cargo ship and rail terminal on the south coast.
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The Oregon-based athletic wear company plans to mitigate the cost, in part, by raising consumer prices.
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Ruling also rejects Trump’s attempt to get California’s case transferred. State takes its tariffs fight to the 9th Circuit appeals court, which experts believe is more likely to give it a favorable ruling.
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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.