CONTACT:
Gwen Pepin
[email protected]
Chicago, IL — This evening, the Democratic Party of Illinois will project its third message onto the Trump Tower from 6:30pm to 6:50pm. Tonight’s message is TARIFFS ARE THE TAXES YOU PAY.
“Trump’s tariffs will not hurt his wealthy friends. They will hurt you. Tariffs mean higher prices on food, gas, and everyday essentials. DPI is making sure everyone recognizes the lies he told Illinoisans and knows exactly who’s to blame.”
Trump isn’t going to make corporate power players pay for his policies–working families will.
- Belleville News-Democrat: How much money could Trump’s proposed tariffs cost Illinois households each year?
- While President Trump issued a 30-day pause on his proposed tariffs against Mexico and Canada Feb. 3, a tax on goods from China has gone into effect, and Illinois residents will likely see consumer prices increase as a result.
- “Tariffs would have an outsized impact on Illinois,” Manzo said.
- If the president’s proposed tariff rates are implemented in full against all three countries, Manzo said the average Illinois household can expect to pay $2,000 to $3,000 more each year.
- Additional import costs on these items would raise costs for transportation, manufacturing and construction, Manzo said. That could worsen inflation, and Illinois’ unemployment rate could increase depending on how companies choose to cope with higher costs.
- Chicago Tribune: Illinois braces for impact of new and potential tariffs: ‘Who will feel the consequences? Everyday Americans’.:
- The new tariff on China will take a toll on trade between Illinois and China.
- It could really complicate matters for farmers in the state, who worry more retaliatory tariffs could be placed on the agricultural products they export if the nations’ trade war escalates.
- Associated Press: US inflation got worse with rising prices on groceries and gasoline
- 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.
- 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.
