Gov. JB Pritzker and both of Illinois' U.S. senators are expressing alarm about how the state's economy will be affected by new tariffs on goods from Canada, Mexico and China. Pritzker, who christened the tariffs "Trump's Tax on Working Families,
Time is running out with only one week left before the Mexico and Canada tariffs will be implemented by the Trump administration. This has caused growing concern among Illinois farmers and the agriculture market over a potential trade disruption.
State treasurers from Oregon, Illinois, Nevada and Colorado are urging the Trump administration to end a tumultuous trade war with Canada, Mexico and China.
Chicago’s Timothy P. Sheehan put forward a congressional resolution calling for the annexation of Canada by the United States.
Trouble brewing?: Raiye Rosado, co-founder and president of Homewood-based Rabid Brewing, expects her brewery’s bills to jump if tariffs take hold. A lot of the grain U.S. brewers use is from Canada — and the industry could be hit “double hard” when factoring in aluminum imports, she said.
The governor’s $55.2 billion budget is based on the December S&P Global forecast that projected stable economic growth and considered some of Trump’s top economic policies, including tariffs and tax cut extensions, would be implemented, Sturm said.
Trump put 25% tariffs on goods from Canada and Mexico on Tuesday. Markets tanked. And by Thursday, he had decided to broadly lift them.
Canadian and Chinese officials say they were already helping reduce fentanyl smuggling. Prime Minister Justin Trudeau said fentanyl crossing the northern border is "near zero."