Local Stores Feel Tariff Impact

Seth Lemon

0:00

Television Ad

Description

This is the voice-over track from a broadcast story about import and export tariffs affecting local businesses.

Vocal Characteristics

Language

English

Accents

North American (General)

Transcript

Note: Transcripts are generated using speech recognition software and may contain errors.
at the Los Angeles store, billed as the world's Onley year round, pre wrapped gift shop owner Terror Rice Berg can pinpoint exactly where higher tariffs are hitting her business after the U. S raised tariffs to 25% on $200 billion worth of Chinese goods last week. Monday, China announced it would hit back hard imposing higher tariffs of up to 25% on more than 5000 American products worth $60 billion including batteries and beef, fruits and vegetables and MAWR. Jerry Nickelsburg teaches economics at U. C L A and says the who pays questions surrounding these latest tariffs depends on consumers choices, goods like clothing, electron ICS and toys. Theo *** for tat trade war sent Wall Street into a slide Monday, the Dow falling more than 600 points. NASDAQ plunging nearly 300 despite Chris Thornberg at research firm Beacon Economics forecasts on Lee a minimal impact