Chicago area lumber, gas prices could spike if President Trump's tariffs go ahead
While the tariffs on Mexico and Canada have been paused, there was still concern late Monday about what happens next month if the tariffs go ahead in a month.
Watch CBS News
While the tariffs on Mexico and Canada have been paused, there was still concern late Monday about what happens next month if the tariffs go ahead in a month.
President Trump is pausing tariffs targeting imports from Mexico and Canada for a month after the two countries agreed to beef up border security.
The tariffs in Canada and Mexico were paused Monday, but gas and lumber are two of the big commodities that would potentially be impacted if they go ahead. Megan Hickey reports.
President Trump's tariffs against Mexico and Canada have been paused, but there is concern about the effects in particular on the gas and lumber industries if they go ahead. Megan Hickey reports.
President Trump also said he spoke with Canada's Justin Trudeau Monday morning and will speak to him again, raising the possibility that a trade war may be avoided.
America is on the verge of an international trade war after President Donald Trump signed an order imposing 25% tariffs on Canadian and Mexican neighbors and an additional 10% levy on goods from China.
President Trump said Sunday night that a European tariff is likely next, and that Americans could feel some pain with all this. This comes as the stock market set to open down sharply on news that these massive tariffs on our largest trading partners kick in Tuesday. Political Reporter Chris Tye reports.
Mexico and Canada are set to face 25% tariffs — with the exception of Canadian energy at 10% — while China will face 10% tariffs. As Andrew Ramos reports, Canadian Prime Minister Justin Trudeau has already retaliated.
"If these tariffs remain in place, it will jack up the price of groceries and goods, make gas more expensive, and raise utility bills," Pritzker said.
Gas Buddy experts say a 25% tariff on Canadian imports could add 30 to 40 cents a gallon at the pump.
President Trump will enact 25% tariffs on imports from Mexico and Canada starting Feb. 1, as well as a 10% tariff on imports from China, according to White House spokeswoman Karoline Leavitt
President Trump on Friday proposed significant new tariffs on multiple sectors of the economy.
Less than two weeks into his second term, President Trump is poised to deploy steep tariffs against key U.S. trading partners.
The White House said it will not impose new 25% tariffs against Colombia as it earlier warned, after the South American nation agreed to accept deported migrants from the U.S. Earlier Sunday, Colombia blocked a U.S. military plane carrying migrants.
The country's foreign affairs and finance ministers left without assurances they'd be spared from Trump's threatened tariffs once he takes office.
As more customers turn to cheaper online outlets, small toy stores are a vanishing business along with the in-store experience.
Canada could halt oil and gas imports to the U.S. if Donald Trump imposes steep new tariffs, Ontario Premier Doug Ford warns.
The Canadian prime minister earlier cautioned that imposing sweeping tariffs on Canadian products would only raise prices for Americans and hurt American businesses.
Meanwhile, Mexico's President Claudia Sheinbaum is pushing back on Trump's account of a "productive" phone call they had on Wednesday.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
On Monday, President-elect Trump specifically promised a 25% tariff on all products coming from Mexico and Canada—in addition to a 10% levy on Chinese goods.
In the Midwest, given the region's reliance on crude oil from Canada, experts there is sure to be pain at the gas pump. Sabrina Franza reports.
Just because those tariffs are not targeted at American consumers does not mean American consumers’ wallets won’t be affected. Sabrina Franza reports.
The president-elect is threatening to use tariffs as a way to help stop the flow of migrants and illegal drugs into the United States. Natalie Brand reports.
Organizers of the protest said the current administration was warned of a Trump win if the War in Gaza persisted and U.S. funding to Israel continued.
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 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.
