U.S.-China trade war could hit close to home, UO expert says

Tim Duy, an economics professor at the University of Oregon, said the higher these increases become, the harder it will be to hide the cost, and your wallet will suffer.

Posted: May 13, 2019 7:29 PM
Updated: May 13, 2019 7:29 PM

Speech to Text for U.S.-China trade war could hit close to home, UO expert says

Below is the closed-captioning text associated with this video. Since this uses automated speech to text spelling and grammar may not be accurate.

consumers and retailers could be caught in the costly crossfire of a trade war between the u.s. and china that has no end in sight. kezi 9 news reporter madison glassman is looking deeper into the impacts...she spoke with an economy professor at the university of oregon who says you should expect to pay more on imports in the future. sot: "i'm mostly concerened for people who might be loosing their jobs." bob reeves -- a shopper at the walmart on west 11th in eugene has a point. the national retail federation warns when u.s. companies face tarrifs -- they cut cost elsewhere which could mean lower wages and fewer employees. sot: "there could be more increases in the future depending on how this trade war goes." more than the recemt 15 percent increase the trump administration imposed on 200- billion dollars worth of chinese goods. sot: "maybe for that initial round of tarriffs, some firms retailers whole salers were able to absorb some of those price increases so they didn't really show up at the consumer bottom line." tim duy, an economy professor at the university of oregon says if tarrifs continue to increase...that's when you -- the consumer will start to see a difference. sot: "it's going to impact a lot of people, you know, and it's not fun so we'll see." duy says the u.s. could be hit on two sides of this deal...but from our own tarrifs...and any retailitory tarriffs china claps back with. sot: "certainly consumers will eventually feel higher prices, theres only so much of those tarrifs that can be absorbed in the supply chain itself." in eugene,
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