Some Chicago Companies Say They Have To Brace For Hits From President Trump's Tariffs

By Charlie De Mar, CBS Chicago

March 5, 2025

Some Chicago companies say they're facing a direct impact after President Trump launched a possible trade war Tuesday with the United States' three largest trading partners ? Mexico, Canada and China.

President Trump's imposition of blanket 25% tariffs on all goods imported from Canada and Mexico took effect overnight. China was hit with a second 10% tariff on U.S. exports since Mr. Trump took office, bringing the total levy to 20%.

The price of a wide array of products will likely soon be going up as a result ? affecting everything from food to electronics.

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