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EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks

By LORNE COOK and DAVID McHUGH
Apr 10, 2025 7:58 am - The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution.
US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war

By STAN CHOE
Apr 10, 2025 7:52 am - U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 fell 3.5% Thursday. The Dow Jones Industrial Average dropped 2.5%, and the Nasdaq composite sank 4.3%. China announced more countermeasures against the United States, and losses for stocks accelerated after the White House clarified that it will tax Chinese imports at 145%, not the 125% rate Trump had earlier written about. The swings also hit the bond market despite a better-than-expected report on inflation.
Billionaires, trusted allies, media personalities. These are the people Trump picked for top roles

By PARKER KAUFMANN, HUMERA LODHI and CHRISTOPHER KELLER
Apr 10, 2025 7:48 am - President Donald Trump prioritized loyalty as he built out a team for his second term, surrounding himself with people who served faithfully in his first administration or who worked on one or more of his three campaigns.
Inflation fell last month as gas prices dropped sharply, a sign prices cooling before tariffs

By CHRISTOPHER RUGABER
Apr 10, 2025 7:44 am - U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
Lake County’s $117 million road construction season set to begin. Here’s what’s in the plan

By Mick Zawislak
Apr 09, 2025 8:28 pm - With several projects already up and running, the Lake County Division of Transportation outlines what else to expect during a busy $117 million construction program.
Will data center boom strain Illinois’ power grids, force rate hikes?

By Leonardo Pini
Apr 09, 2025 4:18 pm - Illinois and the suburbs have been at the forefront of the national data center boom, but state lawmakers are working to gauge and mitigate the impact these centers have on climate and energy consumption.
Mount Prospect improving look at village, business park entrances

By Steve Zalusky
Apr 09, 2025 3:44 pm - Mount Prospect is creating a “friendlier” look at its entrances to the downtown and the south end, as well as its business park.
Rolling Meadows restaurant temporarily closing for rebrand

By Christopher Placek
Apr 09, 2025 1:57 pm - A Central Asian restaurant in Rolling Meadows has temporarily closed for renovations. A new concept is planned, officials said.
Elgin Heritage Commission to honor winners of annual preservation awards

By Rick West
Apr 09, 2025 1:56 pm - Seven local people and organizations will be honored for their work to preserve Elgin’s historic architecture, neighborhoods and cultural resources during the annual Mayor’s Awards for Preservation on April 29.
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports

By JOSH BOAK
Apr 09, 2025 12:38 pm - Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

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