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Economy

Trump vows to take back ‘stolen’ wealth as tariffs on steel and aluminum imports go into effect

By JOSH BOAK, PAUL WISEMAN and ROB GILLIES
Mar 12, 2025 2:09 pm - President Donald Trump openly challenged U.S. allies on Wednesday by increasing tariffs on all steel and aluminum imports to 25% as he vowed to take back wealth “stolen” by other countries, drawing quick retaliation from Europe and Canada.
US inflation cooled last month, though trade war threatens to lift prices

By CHRISTOPHER RUGABER
Mar 12, 2025 8:07 am - U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as additional tariffs on steel and aluminum that kicked in Wednesday threaten to send prices higher.
Is the U.S. economy headed toward a recession? Here’s what to look for.

By Angie Orellana Hernandez and Abha Bhattarai
Mar 12, 2025 7:48 am - Concerns are heightening that the U.S. economy is heading toward a recession as the stock markets slide amid the Trump administration’s implementation of tariffs.
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy

By STAN CHOE
Mar 10, 2025 3:29 pm - The U.S. stock market’s sell-off cut deeper on Monday as Wall Street questioned how much pain President Donald Trump will let the economy endure through tariffs and other policies in order to get what he wants.
Trump loves Gilded Age tariffs. It was a great time for the rich but not for the many

By WILL WEISSERT
Mar 10, 2025 7:17 am - In President Donald Trump's idealized framing, the United States was at its zenith in the 1890s, when top hats and shirtwaists were fashionable and typhoid fever often killed more soldiers than combat.
US employers add a solid 151,000 jobs last month though unemployment up to 4.1%

By PAUL WISEMAN
Mar 07, 2025 9:41 am - U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald threatens a trade war, purges the federal workforce and promises to deport millions of immigrants.
Trump’s trade policies are baffling businesses, threatening investment and economic growth

By PAUL WISEMAN, ANNE D'INNOCENZIO and MAE ANDERSON
Mar 06, 2025 12:27 pm - President Donald Trump’s ever-changing, on-again, off-again tariff war with America’s three biggest trading partners – Mexico, Canada and China — is baffling businesses and causing them to delay or cancel the investments that help drive economic growth. Trade wars complicate the decisions businesses have to make – which suppliers to use, where to locate factories, what prices to charge.
Trump’s trade war draws swift retaliation as Mexico, Canada and China impose tariffs on the US

By JOSH BOAK, PAUL WISEMAN and ROB GILLIES
Mar 04, 2025 10:34 am - President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.
SBAC aims to champion a robust small business agenda

By Elliot Richardson
Mar 01, 2025 1:20 pm - The latest data from the U.S. Small Business Administration shows that more than 97% of Illinois businesses have fewer than 20 employees. These small businesses are the backbone of our economy, fostering economic development and supporting local communities throughout our state.
US consumers cut spending in January more drastically than at any point in the last four years

By CHRISTOPHER RUGABER
Feb 28, 2025 8:22 am - U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, though stiff tariffs threatened by the White House could disrupt that progress.

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