China retaliates with new 84% tariffs as global markets fall
“The US’s practice of escalating tariffs on China is a mistake on top of a mistake,” the ministry said in a statement announcing the fresh round of levies.
Tariffs are fueling fears of a recession. What does it take to actually declare one?
Since President Trump announced the sweeping baseline and “reciprocal” tariffs, Google searches for the term “recession” have surged and economists at prominent investment banks have pointed to increased odds of a recession occurring.
Higher prices are likely for these 10 grocery items when tariffs hit
A trip to the grocery or liquor store is about to become even more expensive, economists say, following the latest round of import tariffs announced by President Trump on Wednesday.
Tariffs threaten to upend markets American farmers depend on
U.S. row crop farmers produce enormous quantities of food, and they depend on selling lots of it overseas. They thrive under free trade policies.
Temporary layoffs announced by Stellantis are not expected to impact Belvidere workers
According to a company spokesperson, the layoffs will not affect the Belvidere assembly plant. It’s scheduled to re-open in 2027 to build a mid-size pickup truck.
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.
Pritzker hopes trade mission to Mexico sparks new investment despite tariffs
Gov. JB Pritzker wrapped up a four-day trip to Mexico City on Wednesday, hopeful a trade mission to Mexico will yield new economic development in Illinois, even as tariffs threaten the stability of the United States’ global trade.
‘Poverty-level people’: University of Illinois AFSCME workers rally for higher wages
AFSCME workers who are employed by the University of Illinois say administrators are not offering them a fair contract after their last pay agreement expired in September.
Illinois eyes taxing drivers by the mile — rather than by the gallon of gas
As engines become more fuel efficient, and electric vehicles make greater inroads , Illinois faces an unexpected consequence — less funding for roads.
Small town grocery stores face unique challenges. Some Midwest states are trying to help
More states in the Midwest and Great Plains are trying to support rural, independent grocery stores through tailored grant programs.
State lawmakers brace for possible federal cuts to Medicaid
Democrats warn of widespread consequences; Republicans call hearings ‘performative’
Legislative revenue estimate more than $700M lower than Pritzker’s proposed budget
Forecasters predict revenue growth in current fiscal year will miss the mark.
US tariffs take effect and Mexico, Canada and China retaliate with their own tariffs on the US
Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products subject to 10% import duties. In addition, the 10% tariff that Trump placed on Chinese imports in February was doubled to 20%.
Carle to close Health Alliance insurance plans, citing financial challenges
The Urbana-based hospital system announced Tuesday that both Health Alliance and its sister company FirstCarolinaCare will cease operations at the start of 2026.
Midwest biofuel industry hopes to gain more miles under Trump’s new term, but uncertainty remains
Biofuel advocates calling on the new administration to increase ethanol and biodiesel volumes in the country’s fuel supply, expand E15 gasoline and clarify tax credits.