UIS Professor Says Illinois Will Feel Impact From China's Economic Stumble
Despite the U.S. being reliant on China for exports, many Americans have a hard time understanding what is taking place with the world's largest economy.
We figured it was a good time to bring in Roy Wehrle, Professor Emeritus of Economics at the University of Illinois Springfield.
Wehrle says we're already seeing some fall out in the state with lower prices for commodities, like corn and soybeans. Caterpillar's recent announcement of more layoffs are indicative of how much that company values China's business.