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Economy

Pritzker hopes trade mission to Mexico sparks new investment despite tariffs

By Ben Szalinski
Apr 03, 2025 3:31 pm - 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.
Trump tariff price hikes could start with food, clothing, cars and coffee

By Abha Bhattarai, Shira Ovide
Apr 03, 2025 3:20 pm - Americans will bear the brunt of President Donald Trump’s newest tariffs, with price increases kicking in almost immediately on cars, clothing, electronics and other everyday goods. Here are some areas where consumers may start to see higher prices first.
Trump’s tariff push is a race against time, and potential voter backlash

By CHRISTOPHER RUGABER
Apr 03, 2025 12:55 pm - President Donald Trump's expansive new tariffs flips on its head a decades-long global trend of lower trade barriers and is likely, economists say, to raise prices for Americans by thousands of dollars each year while sharply slowing the U.S. economy.
Trump tariffs set to wipe out nearly $2 trillion from US stocks

Jeran Wittenstein, Carmen Reinicke and Matthew Griffin
Apr 03, 2025 8:26 am - Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.
Fewer Americans file for jobless benefits last week as labor market continues to show strength

By MATT OTT
Apr 03, 2025 8:15 am - The number of Americans seeking unemployment benefits fell modestly last week, remaining within the same range of recent years.
Wall Street swings as the approach of Trump’s ‘Liberation Day’ sends stock markets reeling worldwide

By STAN CHOE
Mar 31, 2025 11:23 am - President Donald Trump’s fast-approaching “Liberation Day” had stock markets all over the world swinging sharply.
Small businesses are anxious over lack of clarity on tariffs

By Elliot Richardson
Mar 29, 2025 1:44 pm - The chaotic and unpredictable nature of tariff negotiations have caused the small business community great uncertainty, as small businesses attempt to navigate the changing landscape.
Trump’s latest auto tariffs explained: What car buyers should know this year

By ALEXA ST. JOHN and PAUL WISEMAN
Mar 28, 2025 12:34 pm - President Donald Trump’s 25% tax on imported cars, light trucks and auto parts is likely to drive up prices at a time when many Americans already struggle to afford a new set of wheels. The tariffs will also force car companies to rethink what cars they make and where they make them.
Wall Street drops following discouraging updates on US shoppers and inflation

By STAN CHOE
Mar 28, 2025 12:13 pm - U.S. stocks are falling Friday following discouraging updates on inflation and how much U.S. households may be willing to spend given all the uncertainty about President Donald Trump's escalating trade war.
US inflation remained elevated last month as consumer spending rose slightly

By CHRISTOPHER RUGABER
Mar 28, 2025 8:56 am - An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans' spending increased after a steep fall last month but remained weak, suggesting consumers have turned more cautious this year.

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