Retaliation came swiftly and Illinois leaders warned of potential harm to the state's economy as President Donald Trump's new tariffs on goods from Canada, Mexico and China took effect Tuesday.
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,
After initially pausing implementing 25% tariffs on products from Canada and Mexico, Trump announced that tariffs will begin March 4. He also said the U.S. will add another 10% tariff on Chinese goods.
After initially pausing implementing 25% tariffs on products from Canada and Mexico, Trump announced in a social media post Thursday morning that tariffs will begin on March 4. In addition, he said the U.
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.
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.
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