Trump marks his first 100 days in office with a rally in Michigan, a state rocked by his tariffs
President Trump told Time Magazine of his first 100 days, “I think that what I’m doing is exactly what I’ve campaigned on.”
Tag: tariffs
Tariffs impact what crops some U.S. farmers are choosing to plant this year
Farmers are planning on putting fewer acres of soybeans in the ground this spring amid retaliatory tariffs from China and higher production costs.
U.S. farmers were already struggling to turn a profit. Trump’s trade war will make that harder
Recently implemented tariffs are likely to push crop prices further down, while increasing the costs for fertilizer and farm equipment.
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.
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.
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.
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’s tariffs raise alarms for Illinois farm industry
The Illinois Farm Bureau is concerned about harm to the state’s farmers from potential tariffs on the United States’ top three agricultural trading partners: Mexico, Canada and China.
Trump tariffs could impact hundreds of billions of dollars of trade in Illinois
Canada and Mexico are among Illinois’ top trading partners
The Latest: Trump agrees to pause tariffs on Mexico for a month
Mexican President Claudia Sheinbaum and U.S. President Donald Trump have agreed to put planned tariffs on hold for a month. Trump’s tariffs against Canada and China are still slated to go into effect on Tuesday.