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.
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.
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%.
Canada and Mexico are among Illinois’ top trading partners
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.
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