Chicago restaurateurs alarmed by threat of 200% tariff on alcoholic beverages from Europe
This threat was a response to the EU's 50% tariffs on American whiskey, which are set to go into effect next month.
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This threat was a response to the EU's 50% tariffs on American whiskey, which are set to go into effect next month.
The tariff tit-for-tat now setting the stage for what some local Chicago businesses say could be a disaster. In short, it means your favorite Italian wine or French bubbly may soon become a luxury item, as Andrew Ramos reports.
President Trump is threatening to ramp up the escalating trade war in response to Canada and the European Union announcing countermeasures to U.S. tariffs on all steel and aluminum imports.
Billions of dollars’ worth of American-made goods are now being targeted for increased tariffs, in retaliation for new taxes President Trump instituted on foreign-made steel and aluminum.
The European Union announced retaliatory tariffs on Wednesday, following new U.S. tariffs that took effect overnight on imported steel and aluminum. The escalating trade war comes as the Trump administration shares its plans to cut the U.S. Department of Education by nearly half.
Also, the U.S. has resumed intelligence sharing and military aid to Ukraine.
Tuesday saw another step forward and another step back in what has been a volatile exchange of tariff threats with Canada. The U.S. and Canada appear to be dialing back some of the threats after a phone call between Ontario, Canada's premier and the Trump administration.
Markets tumbled Monday with uncertainty over potential trade wars sparked by President Trump's tariff threats, making investors nervous. His administration officials say better days for the economy are coming.
The White House says the pause applies to about 38% of goods from Canada. It does not apply to energy imports, which will be taxed at a lower rate of 10%, as well as potash, a key ingredient in fertilizer that U.S. farmers use.
Trump on Thursday announced a temporary pause on import taxes for goods listed in the U.S., Mexico, Canada trade deal brokered during his first term.
As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."
The price of a wide array of products will likely soon be going up as a result of the tariffs — affecting everything from food to electronics.
President Trump's imposition of blanket 25% tariffs on all goods imported from Canada and Mexico took effect overnight. Charlie De Mar spoke with some Chicago business owners who are bracing for an impact.
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
CBS News Executive Director of Elections and Surveys Anthony Salvanto has insights on those polls, and others on how Americans feel about tariffs and other issues.
From produce to gasoline to electronics, CBS MoneyWatch correspondent Kelly O’Grady looks at what products might get more expensive for American consumers after President Trump imposed tariffs on all goods imported from Canada and Mexico, and increased existing tariffs on imports from China.
The tariffs mean the prices are of things like gas, cars, lumber and groceries are expected to go up within the next few weeks.
President Trump said he plans to impose tariffs on Canada and Mexico starting next week, while also doubling existing tariffs on China. Meantime, the president also is doubling down on his Department of Government Efficiency’s bid to slash federal spending and chop the workforce.
President Trump is at Mar-a-Lago for President's Day weekend. On Sunday, he will attend the Daytona 500. At the same time, his administration remains hard at work making significant changes to the federal government.
President Trump on Monday ordered tariffs on steel and aluminum, and addressed his advisor Elon Musk’s plan to shut down the Consumer Financial Protection Bureau. Erica Brown reports.
The order is expected to apply to all countries, including Mexico and Canada, two of the nation's biggest trading partners.
Mr. Trump said on Monday, he will announce that the United States will impose 25% tariffs on all steel and aluminum imports — including from Canada and Mexico. Willie James Inman reports.
President Trump also became the first sitting president to attend the Super Bowl on Sunday. Willie James Inman reports.
Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
The tariffs have been placed on hold after President Trump spoke to the leaders of our closest neighbors on the phone. Erica Brown reports.
The Boston Red Sox rallied to beat the Chicago White Sox 12-11 on Thursday night in a game that lasted more than four hours.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
After an incident involving a helicopter landing for prom in a public park in south suburban Markham, city officials are taking new steps to gain control of the park district.
As Chicago's civilian police oversight body begins the process of searching for a new police superintendent, it has scheduled a series of meetings to gather public input.
An investigation was underway Thursday evening at a Far South Side funeral home, after more than 50 decomposing bodies were found in the facility.
As Chicago's civilian police oversight body begins the process of searching for a new police superintendent, it has scheduled a series of meetings to gather public input.
Federal officials who want immigration agents to detain and deport Cook County Jail inmates have threatened Sheriff Tom Dart with prosecution if he doesn't give them access.
The Supreme Court in June struck down President Trump's earlier executive order aimed at ending birthright citizenship.
Republican Sen. Mitch McConnell of Kentucky was hospitalized on June 14.
The Senate Homeland Security Committee voted to hold Dr. Anthony Fauci in contempt of Congress over his refusal to answer questions during testimony before the committee last week.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
An incident involving a helicopter landing for prom in a public park in south suburban Markham, city officials are taking new steps to gain control of the park district.
Police in the southwest Chicago suburb of Lockport were investigating a crash-and-grab burglary at a pizzeria early Thursday.
An investigation was underway Thursday evening at a Far South Side funeral home, after more than 50 decomposing bodies were found in the facility.
An investigation was underway Thursday evening at a Far South Side funeral home, after more than 50 decomposing bodies were found in the facility.
Federal agents who want to detain and deport Cook County Jail inmates have threatened Sheriff Dart with prosecution if he doesn't give them access.
A man from west suburban Berwyn is charged with trying to intimidate witnesses involved in the case of Nolan Wells, the Black teenager found dead after a 4th of July trip with friends in Mississippi.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
After an incident involving a helicopter landing for prom in a public park in south suburban Markham, city officials are taking new steps to gain control of the park district.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Security video captured the moment a utility pole fell in a parking lot behind a La Grange Park, Illinois, animal hospital, igniting a fire that destroyed multiple cars.
An Illinois Tollway glitch that left thousands of drivers with unexpected warnings about unpaid tolls stemmed from an extra digit in codes within the system's computers, according to records obtained through a Freedom of Information Act request.
A South Holland woman said she was left high and dry after paying thousands of dollars to have her swimming pool fixed, only for the contractor to vanish.
An Elgin man has seen what he thought was the deal of a lifetime turn into weeks of frustration after a fake tracking number scam left him without goods or a refund after buying a game system on eBay.
The Boston Red Sox rallied to beat the Chicago White Sox 12-11 on Thursday night in a game that lasted more than four hours.
Pete Crow-Armstrong scored on a throwing error in the 11th inning after Alex Bregman hit a two-strike, two-out homer in the ninth, and the Chicago Cubs rallied for a 3-2 win over the Toronto Blue Jays.
Wilyer Abreu homered for the fourth time in three games and the surging Red Sox beat the White Sox 4-0 on Wednesday night.
Chicago Bears right tackle Darnell Wright is very grateful for his historic four-year, $116 million contract extension. Wright thanked general manager Ryan Poles, who used his first 1st round draft pick to pick Wright 10th overall in 2023.
Chicago State University's new football team is just a couple weeks away from the first game of the Cougars' inaugural season.
A man has been charged with breaking into a home in west suburban Darien before leading police on a high-speed chase to his own home in southwest suburban Homer Glen.
Police in the southwest Chicago suburb of Lockport were investigating a crash-and-grab burglary at a pizzeria early Thursday.
Chicago police on Thursday were investigating a break-in at a bar in the Garfield Ridge neighborhood.
A candy store in Chicago's West Ridge community was burglarized early Thursday morning.
The Milwaukee mosque leader's former Israeli attorney testified in immigration court that Sarsour was coerced into confessions and was never convicted of any charge linking him to a terrorist organization.
