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Economy

Trump is leveraging tariffs. Is he ready for potential fallout? Are consumers? Here's what to know

By BILL BARROW
Feb 03, 2025 12:09 pm - President Donald Trump has taken executive action to impose or threaten new tariffs on imports from Canada, Mexico and China.
Trump agrees to pause tariffs on Mexico, Canada after they pledge to boost border enforcement

By JOSH BOAK and CHRISTOPHER SHERMAN
Feb 03, 2025 10:08 am - President Donald Trump on Monday held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts.
EU leaders ponder the ‘cruel paradox’ of a U.S. ally threatening tariffs and a possible land grab

By LORNE COOK
Feb 03, 2025 9:33 am - After three years spent trying to deter Russia from destroying Ukraine, European Union leaders grappled on Monday with possible responses to a major ally who appears determined to start a trade war or perhaps even seize part of their territory.
Trump puts tariffs on Canada, Mexico and China, spurring trade war as North American allies respond

By JOSH BOAK
Feb 01, 2025 8:58 am - New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy.
U.S. economy grows solid 2.3% from October to December, 2.8% for full year 2024

By PAUL WISEMAN
Jan 30, 2025 7:44 am - The American economy ended 2024 on a solid note with consumer spending continuing to drive growth.
Barrington Chamber to host economic summit Feb. 12

Daily Herald report
Jan 29, 2025 1:04 pm - The State of the Greater Barrington Area Economic Summit will be held at Barrington’s White House, 145 W. Main St., Barrington.
Fed expected to pause rate cuts as it begins to weigh Trump policies

Andrew Ackerman
Jan 27, 2025 8:18 am - Donald Trump’s return to the White House is overshadowing the Federal Reserve’s meeting this week, as policymakers begin to grapple with the way the president’s policies on trade, immigration and spending could reshape the economy and potentially stoke inflation.
Fortune Brand Innovations expansion in Deerfield to add at minimum 400 new full-time jobs

By Mick Zawislak
Jan 24, 2025 7:09 pm - Fortune Brand Innovations will be staying in Deerfield with plans to consolidate U.S. operations in a single global headquarters and position itself for long-term growth.
Trump’s inheriting a solid economy, making it harder to lower borrowing costs or inflation

By CHRISTOPHER RUGABER
Jan 23, 2025 2:45 pm - President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.
More Americans file for unemployment benefits last week, continuing claims highest in 3 years

By MATT OTT
Jan 23, 2025 10:55 am - Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years.

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