Economy

The city of Joliet, in partnership with the Joliet City Center Partnership will showcase 10 Chicago Street businesses in a special event on Friday.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty

President Donald Trump says Wednesday will be “Liberation Day” — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods

The U.S. government is on a global egg hunt, seeking exports from countries in Europe and elsewhere to ease a severe shortage that has caused egg prices at grocery stores to hit record highs

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt

The U.S. cities most vulnerable to a trade war with Canada turn out to largely be in the states that helped return Donald Trump to the White House — a sign of the possible political risk he’s taking with his tariff plans

U.S. consumer confidence fell for the fourth straight month as Americans’ anxiety about future expectations declined to a 12-year low amid rising concern over tariffs and inflation

Hollywood Casino has two upcoming job fairs as it expands staff for its future location in Joliet at Interstates 55 and 80.

The Fed also now expects the economy to grow more slowly this year and next than it did three months ago

President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%

The consumer price index increased 2.8% in February from a year ago, Wednesday’s report from the Labor Department showed, down from 3% the previous month

The drama on Tuesday delivered a win for Trump but also amplified concerns about tariffs that have roiled the stock market and stirred recession risks

President Trump isn’t ruling out the possibility of a recession this year

U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Trump threatens a trade war, purges the federal workforce and promises to deport millions of immigrants

President Donald Trump on Thursday postponed 25% tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout

Demolition crews are tearing down U.S.Steel buildings in Joliet last used for steel production in 2001.

President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers

Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains since Election Day for the S&P 500

President Donald Trump’s long-threatened tariffs against Canada and Mexico have gone into effect, kicking off a trade war with America's neighbors

President Donald Trump says 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product

A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress

Illinois is highly dependent on oil and gas from Canada, meaning consumers could be in line for higher energy and gas prices due to tariffs. About 72% of Illinois’ imports, or $47.4 billion, from Canada in 2023 was oil and gas

Local home construction businesses are bracing for a fair bit of uncertainty as proposed tariffs on a wide range of building materials are leaving many unknowns.

Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, and possibly the terrible weather last month hindered those seeking to buy

President Donald Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday, in addition to doubling the 10% universal tariff charged on imports from China

President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation

Soaring egg prices are affecting restaurant margins, menu prices and family grocery budgets in DeKalb County, but restaurateurs said this week that they’re trying not to pass rising costs on to their customers.

Without solidified legislation, funding is in limbo. Farmers rely on crop insurance funding from the farm bill, which protects farmers from losses in crop yields and revenue due to disasters like drought and severe weather events

U.S. stocks fell sharply after reports showed that worries among consumers and businesses about President Donald Trump’s policies may be hitting the economy

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged

It's been nearly a month in office for President Donald Trump, and he's acted with dizzying speed to reorder the American economy and global diplomacy

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades

It was a much bigger drop than economists expected and the biggest decline since last January

Joann plans to close 500 of its 850 craft and fabric stores – including several across northern Illinois – the company announced on Tuesday.

Excluding the volatile food and energy categories, core consumer prices rose 3.3% in January compared with a year ago

Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue

In 2020, researchers from Harvard University and the University of California, Davis, found that the tariffs created 1,000 jobs – but reduced employment elsewhere by 75,000

Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue

MOOYAH Burgers, Fries & Shakes on West Jefferson Street in Joliet has closed.

Pizza Hut at 1156 W. Jefferson St. in Joliet is closed, according to the Pizza Hut website store locator.

President Donald Trump on Monday held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts

Mexican President Claudia Sheinbaum said Monday that after a conversation with U.S. President Donald Trump that the planned tariffs are on hold for a month, a statement confirmed by the White House

Here are some things to know about Trump’s actions, the counters from U.S. trading partners and what it means for American consumers

Canada and Mexico ordered retaliatory tariffs on American goods in response to sweeping tariffs imposed by U.S. President Donald Trump

President Donald Trump says Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China

The levies — 25% on Canadian and Mexican and 10% on Chinese goods – will take effect Tuesday. Canadian energy, including oil, natural gas and electricity, will be taxed at a lower 10% rate.

New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy

President Donald Trump says he will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday

Plainfield is slated to see several new businesses begin construction or officially open this year while one IL Route 59 mainstay will be closing its doors.