August 14, 2008

U.S. price hikes likely result of Beijing's efforts to curb smog

In what turned out to be a futile effort to rid Beijing of air pollution, officials blocked heavy truck traffic from entering Beijing and closed nearby factories. Those steps will create shortages felt around the world long after the Olympics have ended. U.S. consumers will likely see higher prices if not outright shortages for products such as mobile telephones, auto parts, semiconductors, Vitamin C, and steel. The true impact won't be known till September.

Related content