Economy

IMF warns of worsened U.S. and global growth amid Trump’s tariffs and uncertainty

Mercedes-Benz is opening a new dealership at 541 S. Weber Road, in Roemeoville.

Trump hinted at moving to fire Powell, whose term does not expire until next year

Stocks fell further after Powell’s remarks. The broad S&P 500 index dropped more than 2% in afternoon trading.

The Trump administration has taken its next steps toward imposing more tariffs on key imports

Xi Jinping highlights China-Vietnam ties amidst U.S. trade war tensions

Trump administration exempts smartphones and laptops from tariffs, aiding tech firms

Chicago toy company faces massive tariff hikes, risking production and jobs

China raises U.S. tariffs to 125%, intensifying trade war tensions

U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy

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

Anyone with items needing repair should come out to Joliet Junior College's free Repair Cafe Saturday in Romoeoville.

U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would

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%.

In 2024, according to the governor’s office, Illinois exported more than $2.6 billion worth of goods to the U.K., making it the state’s eighth-largest export partner

China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday

U.S. stocks dove Tuesday following another stunning reversal, with Wall Street veering from a huge gain at the opening of trading to more losses at the close, because investors still have no idea what to make of President Donald Trump’s trade war

President Donald Trump remained defiant on Monday as global markets continued plunging after his tariff announcement last week

The impact of U.S. President Donald Trump’sblast of tariff hikes was reverberating across world markets Monday as America’s trading partners puzzled over whether there is room for negotiating better deals

President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling

The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week

The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, Fed Chair Jerome Powell said Friday

President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports

Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump’s latest set of tariffs with some of their own

China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10

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