As the trade war between China and the U.S. seems poised to escalate with tariffs expected to increase on March 1, new data show the burden so far on Oregon businesses.
A nationwide coalition of more than 150 farmers, retailers and other businesses called Tariffs Hurt the Heartland, calculated that Oregon businesses paid $84 million in added tariffs since October of last year.
The cost of tariffs for Oregon more than doubled since last fall. The amount paid in October 2018 was fourteen times that paid in the same month in 2017.
New data show effect of trade war on the state.
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Oregon businesses pay $84 million in extra tariffs
OREGON UPDATE
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BY CALEB DIEHL, PUBLISHED IN OREGON BUSINESS, ECONOMY AND FINANCE | February 4, 2019
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