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Gwen Pepin
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Chicago, IL — In response to Donald Trump’s 25% tariff on the aluminum that so many local breweries depend on, the Democratic Party of Illinois released the following statement:
“Donald Trump’s aluminum tax will hurt local brewers and bar owners, as well the wallets of the patrons who turn local bars and breweries into beloved staples that generate money in their neighborhoods. With Donald’s tariff tirade looming, Illinoisans will now have to worry about something as simple as the opportunity to crack open a cold one.”
Trump isn’t going to make corporate power players pay for his tariff policies–Illinois’ families will.
Key excerpts from Chicago Tribune: The price of eggs just hit an all-time high. Here’s how the cost of everyday consumer goods is changing under the Trump administration.
By: Claire Malon
February 13, 2025
- While President Donald Trump has been in office less than a month, the costs of some consumer goods and services are trending up.
- At nearly $5 a dozen, the price of eggs just surpassed record highs, and while quite moderate in comparison, bread, electricity, gasoline and natural gas also saw meager month-over-month increases, according to the latest data from the Consumer Price Index.
- While many of these month-over-month changes are not directly linked to the White House, they may soon be, with new tariffs and possible international trade wars sure to affect average prices at the grocery store and the pump.
Key excerpts from Associated Press: US inflation got worse with rising prices on groceries and gasoline
By: Christopher Rugaber
February 12, 2025
- President Donald Trump pledged to reduce prices on “Day 1″ if elected, though most economists worry that his many proposed tariffs could at least temporarily increase costs.
- Trump’s tariffs are making life more complicated for Phil Hannon, vice president of operations at Abt, a consumer electronics store in Glenview, Illinois.
- Hannon expects to raise prices between 3% and 15% as soon as March to offset the impact of tariffs, including the steel and aluminum duties.
- Hannon said that many customers are already asking about price increases and when the tariffs are coming.
- Early Wednesday, Trump said on social media that interest rates should be lowered, “something which would go hand in hand with upcoming Tariffs!!!” Yet the tick up in consumer prices makes it less likely the Fed will cut rates anytime soon.
- Trump has imposed 25% tariffs on steel and aluminum, which could push the cost of cars, appliances, and industrial machinery higher. He also said earlier this week he would impose “reciprocal tariffs” on countries that have high duties on U.S. goods.
