Tariffs

Federal court hears arguments for State of Oregon, et al., v. Trump, et al.

The Oregon-based athletic wear company plans to mitigate the cost, in part, by raising consumer prices.

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.

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.

The state is leading a coalition of 12 states suing over tariffs. Oregon’s economy is highly trade-dependent.

From higher costs to export worries, California’s agricultural and wine industries face many possible tariff effects. But some hope for opportunity.

Gov. Gavin Newsom and Attorney General Rob Bonta announced the lawsuit Wednesday, saying the tariffs hurt “states, consumers and businesses.”

.At a roundtable hosted by Gov. Tina Kotek, more than a dozen business leaders described a dire situation under President Trump’s tariff wars.

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.

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.

Oregon’s biggest trading partners include Mexico and Canada, but tariff threats from President Donald Trump could raise costs, strain business relationships.

President Donald Trump on Tuesday slapped 25% across-the-board tariffs on imported goods from Canada and Mexico – our nation’s largest trading partner. Chinese goods entering the U.S. face an additional 10% tariff. That’s got Oregon food and agriculture leaders worried that retaliatory tariffs will hurt Oregon farmers.