three flags

US tariffs take effect and Mexico, Canada and China retaliate with their own tariffs on the US

Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products subject to 10% import duties. In addition, the 10% tariff that Trump placed on Chinese imports in February was doubled to 20%.

JB Pritzker

Illinois faces a $3 billion shortfall in 2026, a new report shows

If the projections hold true, Democratic Gov. JB Pritzker could face difficult financial decisions, from increasing taxes to cutting spending.   The relative financial calm that has marked Illinois Gov. JB Pritzker’s six years in office may soon be coming to a close as his administration Friday forecast a more than $3 billion budget shortfall for the…