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Economists say the way Trump calculated tariffs makes no sense

Andrew Ackerman, Federica Cocco
Apr 03, 2025 7:55 pm - Economists say the crude formula the White House used to calculate what it’s calling “reciprocal tariffs” is too simplistic to achieve its goal of wiping out U.S. trade d...
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.
Kids can collect eggs, take photos at Long Grove Bunny Hop

Submitted by Jody Grimaldi
Apr 03, 2025 1:27 pm - The Long Grove Bunny Hop will return April 19 to the village’s historic downtown. Families can take photos with the Easter Bunny, collect eggs at different booths and stops throughout the village and explore fire trucks.
Vetter’s $163 million expansion plan faces big vote in Des Plaines

By Russell Lissau
Apr 03, 2025 1:05 pm - A German pharmaceutical company’s $163 million plan to expand its Des Plaines facility could get a key go-ahead from the city council Monday.
Polar bear-inhabited islands affected by Trump tariffs

By ROD MCGUIRK and JAMEY KEATEN
Apr 03, 2025 10:29 am - MELBOURNE, Australia (AP) — The Trump administration appears to be leaving no stone unturned with its sweeping tariffs around the globe, from rocky outcrops home to polar...
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.
Dow drops nearly 1,680 in biggest wipeout since 2020 as fears of fallout from tariffs shake markets

By ELAINE KURTENBACH and MATT OTT
Apr 03, 2025 8:19 am - Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across continents, including his own.
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.
Newly elected Wheeling Township board could levy tax for mental health

By Steve Zalusky
Apr 03, 2025 7:55 am - Newly elected Wheeling Township Supervisor Maria Zeller Brauer said she intends to help get a new tax to fund the township’s mental health board out of the deep freeze.

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