Illinois residents can expect to pay more for groceries and gas soon after Trump imposed a 25% tariff on imports from Canada and doubled the tariff on Chinese products to 20% Tuesday. A tariff is a tax on food,
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.
Five Democratic state Treasurers called for an end to the trade war with Canada and Mexico and warned impending tariffs will have detrimental impacts on everyday Americans.
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