Walmart says it plans to raise prices despite lower U.S. tariffs
The world's largest retailer said wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low.
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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.
Between graduations, weddings, and now Mother's Day, get ready to pay the price for flowers. Tariffs are impacting local flower prices.
President Trump on Sunday announced movies as his latest target for tariffs because the U.S. movie industry "is DYING a very fast death."
Despite the celebratory week, many business owners say the challenges keep piling up, including increasing costs to obtain more supplies and to keep certain goods and items in stock, which is hitting customers' pockets.
Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.
President Trump says steep tariffs on U.S. imports will lead to lower taxes for Americans. Is he right?
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
The U.S. Senate is expected to pass a resolution stripping President Trump of the power to set tariffs. Co-sponsor Sen. Rand Paul said enough Republicans will join Democrats to vote to pass the resolution.
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
President Trump marked the rally in the battleground state of Michigan, and also made fresh news on tariffs Tuesday night. Erica Brown reports.
CBS travel editor Peter Greenberg joined Dana Kozlov.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
Shein and Temu starting raising prices Friday in anticipation of Trump tariffs scheduled to take effect next week.
A federal judge on Friday ordered the release of dozens of people detained by federal immigration enforcement agents without warrants or probable cause amid 'Operation Midway Blitz' last fall.
There was a big celebration in Gary, Indiana, on Friday for a remarkable program that allows high school students to get college degrees for free.
A group of South Side elementary school students ended Black History Month by staging and performing "Heroes of the Harlem Renaissance," doing everything from stage crew to starring in the production.
It's already been a historic season for the University of Chicago men's basketball team, and they still have one big goal out in front of them.
If you feel like you're drowning in a sea of text alerts and desperate email pleas for "just $5" this election season, you are far from alone.
A federal judge on Friday ordered the release of dozens of people detained by federal immigration enforcement agents without warrants or probable cause amid 'Operation Midway Blitz' last fall.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
President Trump said he will give federal agencies six months to phase out their use of Anthropic's AI products.
The criminal civil rights case has also ensnared journalist Don Lemon.
Former President Bill Clinton denied any knowledge of Jeffrey Epstein's crimes in an opening statement before the House Oversight Committee in New York.
Palatine, Illinois-based Weber has issued a recall of more than 3.2 million metal wire bristle grill brushes because you could ingest the bristles.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Not one, but two hotels are now planned or proposed for Chicago's Northalsted LGBTQ+ nightlife district.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
Barnes & Noble was set to reopen in Skokie on Wednesday, just weeks after it closed.
Trader Joe's is opening a new location in Chicago's Logan Square neighborhood.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
There was a big celebration in Gary, Indiana, on Friday for a remarkable program that allows high school students to get college degrees for free.
Members of Black Greek fraternities and sororities brought their high-energy step show to North Lawndale College Prep on Friday.
It's already been a pretty historic season for the University of Chicago men's basketball team, as they reached #1 in the nation in the Division III rankings for just the second time in program history.
A group of South Side elementary school students ended Black History Month by staging and performing “Heroes of the Harlem Renaissance,” doing everything from building the sets to starring in the production.
Temperatures crash overnight with lows around 30.
The Federal Aviation Administration plans to reduce flights at O'Hare International Airport, citing significant increases in scheduled flights.
A crash between a car and a CTA bus injured 20 people, two of them seriously, in Bronzeville Friday afternoon, according to sources at the Chicago Fire Department.
The celebration of life for Reverend Jesse Jackson continues with another visitation on Friday morning.
A man has been charged with shooting and killing a father and son following a jewelry store robbery last November in the Little Village neighborhood of Chicago.
A federal judge on Friday ordered the release of dozens of people detained by federal immigration enforcement agents without warrants or probable cause amid 'Operation Midway Blitz' last fall.
If you feel like you're drowning in a sea of text alerts and desperate email pleas for "just $5" this election season, you are far from alone.
A north suburban school bus driver became a victim of sophisticated scammers who are targeting more people and more vulnerable populations to make more money.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
The mother of an 8-year-old boy who was allegedly put in a chokehold and dragged by the neck by a Chicago Public Schools employee hopes her lawsuit and choice to speak out will help protect students in the future.
A jury on Wednesday awarded $5.74 million in damages to a Chicago family who accused police of violating their civil rights in a botched raid of their home in 2018.
It's already been a historic season for the University of Chicago men's basketball team, and they still have one big goal out in front of them.
Ryan O'Reilly scored with 3:16 remaining and the Nashville Predators scored three times in the third period in a 4-2 win over the Chicago Blackhawks in the teams' first game following the Olympic break.
Jerami Grant scored 27 points and the Portland Trail Blazers held on for a 121-112 victory over Chicago that sent the Bulls to their 11th straight loss.
Nearly five years after the Bears first announced their bid to buy the former Arlington International Racecourse with the aim of turning the site into a new stadium, the Illinois General Assembly will begin considering a bill to push the plan ahead.
The Hornetts handed the Bulls a 10th straight loss, matching their longest slide since January 2019.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A man has been charged with shooting and killing a father and son following a jewelry store robbery last November in the Little Village neighborhood of Chicago.
Two men are charged with filing a false police report, claiming they were robbed of millions of dollars worth of jewelry.
Chicago police issued an alert Thursday about a rash of criminal sexual assaults that have happened on one block on Chicago's West Side, committed by a man who lures his victims by setting up dates through an escort app.
Chicago police issued a community alert Thursday about a string of smash-and-grab burglaries targeting businesses on the city's North and Northwest sides.
