Tag: Canada

Trump signs order imposing new tariffs on a number of trading partners that go into effect in 7 days

Trump imposed the Friday deadline after his previous “Liberation Day” tariffs in April resulted in a stock market panic. His unusually high tariff rates, unveiled in April, led to recession fears — prompting Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty deals.

How Trump’s tariffs could threaten construction and housing affordability in Champaign-Urbana

The Trump administration has rolled out tariffs that affect a wide variety of goods and industries — including home construction. The situation is rapidly evolving, and some worry all the uncertainty and supply chain disruptions could drive up housing prices.

Midwest farmers worry about the impacts of tariffs on exported crops and imported fertilizer

The Trump administration’s tariff announcements this week are bringing uncertainty to farmers going into planting season. Farm groups warn that retaliatory tariffs will add an additional “burden” to U.S. producers.

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%.

Trump tariffs could impact hundreds of billions of dollars of trade in Illinois

Canada and Mexico are among Illinois’ top trading partners

Canadian Prime Minister Justin Trudeau announces his resignation

Canadian Prime Minister Justin Trudeau has announced his resignation, telling the nation that “internal battles” mean he “cannot be the best option” in the next election.

Revamped Trade Deal Offers ‘Hope’ To IL Farm Bureau

Illinois Farm Bureau President Richard Guebert says the new trade agreement the U-S has brokered with Canada and Mexico offers hope after a tough year for the state’s farmers. Guebert says Canada and Mexico were already strong trading partners for Illinois farmers, but the ongoing trade dispute with China has made U-S’ neighbors to the