Trade tariff concerns for Eastern NC Businesses

NEW BERN, NC (WITN) - The trade war between the U.S. and China continues and while President Trump's administration pushes for a deal, businesses and consumers in the East are feeling the impacts.

The label on so many goods across the country, is also planted on just about every bike at the Bike Depot in Havelock.

Owner Mike Moody said they're still trying to figure out how much this latest hike in tariffs will impact them.

But, they're already feeling the the effects of this trade war, with the price of one of their most popular bikes raising from $489 to $539.

Other industries are feeling a similar impact. David Blythe, the owner of Branch's Furniture in New Bern says, the bottom line for his customers has gone up as well, but overall, he support's the presidents plan.

Blythe said, "They have increased slightly, the price. It hasn't been a 25% like we were hearing, it's only been about a 5-7% increase in price."

Blythe said right now, he sells about 60% imported products, and 40% U.S., but he wants to flip those numbers and thinks raising tariffs will ultimately make the country more competitive.