Trump tariffs could hit Illinois hard
President Donald Trump’s plan to implement tariffs on key United States trading partners could affect more than 100 billion dollars worth of goods imported to Illinois from Canada, Mexico and China.
CHICAGO – President Donald Trump’s plan to implement tariffs on key United States trading partners could affect more than $100 billion worth of goods imported to Illinois from Canada, Mexico and China.
What we know:
The three countries were Illinois’ top trading partners in 2023, according to the Illinois Department of Commerce and Economic Opportunity.
Trump agreed to pause any tariffs on Mexico and Canada for a month, but the 10% tariffs on Chinese goods remain in place.
State Treasurer Michael Frerichs said the president is enacting a trade war, which will increase the price of groceries, gas, and even utility bills in Illinois.
The state is highly dependent on oil and gas from Canada and exports more to Canada than any other country.
What they’re saying:
“Illinois manufacturers export machinery, vehicles, car parts, transportation equipment, food and pharmaceuticals to Canada. This could hurt companies and workers at ADM in Decatur. Folks who work at John Deere or our oil refineries around Joliet or our Ford plant in Chicago as auto parts manufacturers,” said Frerichs.
