How tariffs are impacting airlines as summer travel gets underway
Kris Van Cleave reports the airlines are starting to feel the impact of tariffs and they warn it could soon cost you more to fly.
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Kris Van Cleave reports the airlines are starting to feel the impact of tariffs and they warn it could soon cost you more to fly.
The Trump administration raised tariffs on aluminum and steel to 50% today, a move experts say could increase costs on everything from homes and cars to household and office supplies.
President Trump announced that he would be doubling tariffs on steel to 50%. The increase is set to take effect June 4.
This comes as the European Union and Canada promise retaliatory tariffs if the president follows through on a threat made late last week.
China said Monday that the Trump administration is undermining the temporary May 12 trade agreement between the two nations by issuing AI chip export control guidelines, stopping the sale of chip design software to China and by planning to revoke Chinese student visas.
During a visit to the U.S. steel facility in Pittsburgh, Pennsylvania, the president announced he'll allow Japan's Nippon to invest in and partially own the company. It's a $15 billion bid that the Biden administration originally blocked, citing national security concerns.
While the legal challenge continues to play out in court, the whiplash comes as the president's close advisor, Elon Musk, leaves his role overseeing DOGE Friday.
A federal court on Wednesday blocked most of the sweeping tariffs imposed by President Trump.
Elon Musk announced that he is leaving his role at DOGE, while the U.S. Court of International Trade froze the president's sweeping 10% tariffs against other nations and the targeted levies on goods from Canada, Mexico, and China.
"It's just a congressman," President Trump joked after his cell phone interrupted his discussion with media in the Oval Office Friday.
President Trump threatened to impose a fresh round of tariffs Friday morning, including a 25% tariff on Apple if they do not shift some of their iPhone production to the U.S.
President Trump said he would impose steep tariff on Apple unless company starts manufacturing some iPhones in the U.S.
The world's largest retailer said wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
No Illinois industry does more business with China than the agricultural sector.
While a tariff truce between the U.S. and China is welcome news for many, farmers in McHenry County are not so sure. Political Reporter Chris Tye reports.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
No Illinois industry does more business with China than the agricultural sector, and farmers have been worried about the hit they could take with tariffs. Political Reporter Chris Tye reports.
Trump's trade officials brokered a stunning drop of the145% tariffs against China and to 30% as the president turns his attention from his trade war to the Middle East.
The U.S. has agreed to drop its 145% tariff rate on Chinese goods down to 30%.
Its not clear what exactly happens after the 90 days are over but it's likely a more long term deal will be made now that there is a plan in place to continue discussions in resolving the trade war.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
As a result of the current 145% tariffs, the flow of goods from China into the U.S. has slowed dramatically, and it could soon mean job cuts for dockworkers, product shortages, and tough choices for consumers.
The new trade agreement between the United States and the United Kingdom is the first since President Trump imposed sweeping tariffs on almost every nation in the world.
Two Trump administration officials will meet with their Chinese counterparts to discuss trade in the coming days, the administration said Tuesday.
The Chicago Police Department is hosting gun turn-in events on Saturday.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Ten residents were hospitalized after a fire broke out at a West Humboldt Park apartment building overnight.
A woman who was turned away from an Indiana hospital while in labor last month, only to give birth minutes later in her car, met with hospital administrators on Thursday, and is continuing to push for more accountability.
Residents in Brighton Park said their side streets and alleys are overflowing with traffic, as drivers look to get around backups on Archer Avenue after the Chicago Department of Transportation installed new bike lanes.
Former Chicago Tribune publisher and editor-in-chief R. Bruce Dold passed away this week.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group.
The Pentagon watchdog released its report on Defense Secretary Pete Hegseth's use of Signal to share details about operations in Yemen.
In some cities where federal agents have conducted large-scale immigration operations that officials said would largely target criminals, more people without criminal records were detained in recent months.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Why is one school in the west Chicago suburb of Lisle paying a water bill three times higher than another? The answer has to do with a private utility company.
The Food and Drug Administration is warning about additional cookware brands that could be leaching lead into your food.
Walgreens said it will close its office space in Chicago's Old Post Office building.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
Two pregnant Black women recently faced alarming neglect at hospitals in Indiana and Texas, highlighting racial disparities in maternal care.
Illinois Gov. JB Pritzker on Tuesday signed a bill aimed at protecting vaccine access in Illinois.
Roseland Community Hospital on Monday celebrated the opening of a new sickle cell treatment clinic.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
Traffic at O'Hare International Airport is growing faster than expected, and this has Chicago city leaders wanting to make big changes to future construction plans at the airport.
Small Business Saturday was disrupted by the winter storm for many business owners in Chicago, but in the Rogers Park neighborhood, a group of business owners came together to draw customers.
Three different times over the past year, popular and longstanding Chicago stage theater spaces have made headlines for their demise. But it's not all bad news by any stretch.
A federal judge has called out an immigration enforcement agent for using artificial intelligence to write the narrative of a use-of-force report as just a small part of a scathing opinion that rebutted federal officials' narratives about appropriate force used against protesters and others during an ongoing immigration crackdown in Chicago.
As the Chicago Bears, White Sox, and Fire all push for brand-new stadiums, a new report provided some advice about what teams can do to be successful.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Starting Wednesday, riders on the Chicago Transit Authority system will hear a recognizable Chicago voice during their commutes.
Three different times over the past year, popular and longstanding Chicago stage theater spaces have made headlines for their demise. But it's not all bad news by any stretch.
Joe Colborn, better known as Joe "JoBo" Bohannon on Chicago radio, died this week.
The Chi-Lites occupy a proud place in Chicago music history, and they aren't done yet.
The Chicago Police Department is hosting gun turn-in events on Saturday.
Ten residents were hospitalized after a fire broke out at a West Humboldt Park apartment building overnight.
Meteorologist Laura Bannon has the extended forecast.
Meteorologist Albert Ramon has the latest First Alert Weather Forecast.
Strangers from around the world are pitching in to help a veteran in Michigan retire, after the 88-year-old shared his story with a TikTok influencer.
Ten residents were hospitalized after a fire broke out at a West Humboldt Park apartment building overnight.
The families of the three men who were killed in a crash on Interstate 57 early Wednesday morning are pushing for more answers about what happened.
A south suburban mom says her 6-year-old was sent home early and left alone in the cold for more than an hour.
Residents in Brighton Park said their side streets and alleys are overflowing with traffic, as drivers look to get around backups on Archer Avenue after the Chicago Department of Transportation installed new bike lanes.
The Chicago Police Department is hosting gun turn-in events on Saturday.
A Chicago woman battling ALS said she's been struggling just to get a disabled parking space in front of her Bridgeport home.
Days after new Cook County Chief Judge Charles Beach ordered an urgent review of the county's electronic monitoring program, Sheriff Tom Dart said this crisis isn't new, and that he's been warning lawmakers of problems for years.
Charles Beach was sworn in on Monday as Cook County's first new chief judge in 24 years, and takes over amid a political firestorm over what appears to be systemic issues with how accused criminals are being monitored before trial.
Some Chicagoans found out the hard way on Monday that the overnight winter parking ban is in effect.
The electronic monitoring system in Cook County has come under increased scrutiny, after a woman was set on fire in a horrific arson attack on the Blue Line, with critics demanding answers as to why the suspect wasn't already behind bars.
Sitting in 1st-place in the NFC standings isn't the only feel-good story for the Bears, as cornerback Nahshon Wright was named the conference's Defensive Player of the Month.
The Bulls dropped to 9-12 with their fifth loss in a row.
Braeden Bowman forced overtime for the Golden Knights when he put in his own rebound with 2:28 left in the third period.
Caleb Williams plans on picking up right where he left off the last time he faced the Packers.
The Bulls led by as many as 15 points in the third quarter, holding the Magic without a field goal for the first five minutes of the period.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
A woman from Chicago's northwest suburbs appeared in court Thursday for a shooting that killed another woman in the South Loop in September.
The man charged with pushing a CTA passenger onto the tracks at a Blue Line station in Chicago's western suburbs on Monday was ordered held in jail, after repeatedly interrupting the judge and prosecutors during his first court appearance on Wednesday.
A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group.
Authorities charged a woman and her husband with murder Tuesday in the death of her pregnant biological daughter, whose body was found in a Michigan forest three weeks after she disappeared.
