Tariffs

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.

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.

Threats of tariffs on major trading partners point to a chaotic global market for the foreseeable future.