Stocks are sharply swinging down, up, then down again on Wall Street as markets try to assess the potential damage from President Donald Trump’s global trade war.
Category: Politics
As markets implode, US trading partners puzzle over whether there’s room for negotiations
The impact of U.S. President Donald Trump’s blast 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 digs in his heels as global markets keep dropping over tariffs
President Donald Trump remained defiant on Monday as global markets continued plunging and fears of a recession grew after his tariff announcement last week.
Youthful offender sentencing bill would provide hope to hundreds of inmates serving lengthy terms
Illinois lawmakers are considering a bill that would make a resentencing possibility for inmates serving lengthy sentences for crimes committed when they were under 21 retroactive.
Chicago Housing Authority paid out more than $787,000 over the last five years to 9 exiting senior leaders
A Tribune analysis of CHA records show that each of the nine received at least two months of compensation at the salary level they had on their last day of work.
Trump advisers say 50-plus countries have reached out for tariff talks with White House
Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump’s new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling.
The skyrocketing cost of weight-loss drugs has state Medicaid programs looking for a solution
States increasingly struggling to cover the rising cost of popular GLP-1 drugs like Wegovy, Ozempic and Zepbound are searching for ways to get out from under the budgetary squeeze that took them by surprise.
Secretary of State Marco Rubio says US is revoking all visas held by South Sudanese passport holders
Secretary of State Marco Rubio said the United States was revoking all visas held by South Sudanese passport holders, accusing the African nation’s government of “taking advantage of the United States.”
Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn
Sending children back to school in new sneakers, jeans and T-shirts is likely to cost U.S. families significantly more this fall if the tariffs President Trump put on leading exporters take effect.
Trump’s tariffs hit a sour note in landmark NYC emporium of sweets
Economy Candy in New York City has gummies from Germany, lollipops from Spain, chocolates from Japan and a panoply of candies from across the U.S. They will all be affected by President Trump’s tariffs.