President Donald Trump’s sweeping new tariffs, on top of previous levies and retaliation worldwide, are expected to increase prices for everyday items. The trade wars have already roiled financial markets and plunged businesses into uncertainty — all while economists warn of potentially weakened economic growth and heightened inequality.

Two days after sending the economy reeling by announcing widespread tariffs, President Donald Trump insisted his trade policies will never change as he remained ensconced in a bubble of wealth and power in Florida.

Mexico was Illinois’ second-largest export market in 2024 with $32 billion worth of goods being sent to the country. Another $19 billion worth of Mexican goods came to Illinois that year, making the country Illinois’ third-largest import market.

The S&P 500 was down 4.3% in morning trading, more than other major stock markets, and it’s on track for its worst day since COVID shattered the global economy five years ago.

President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars.

The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash from Musk’s embrace of right wing politics. It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.

The center, at 24,000 square feet, is nearly five times the size of the office’s former Chicago Central DMV on LaSalle Street, which closed Friday and often experienced long lines and wait times because of its small size, according to a news release.

For weeks, Trump has promoted April 2 as “Liberation Day” in America, when a number of hefty tariffs will be unveiled to implement his administration’s radical economic agenda. The United States has already announced a sharp increase in tariffs on all imports of steel, aluminum and cars.

The U.S. needs more publicly funded research and development on agriculture to offset the effects of climate change, according to a paper out in Proceedings of the National Academy of Sciences this month. But instead the U.S. has been investing less. 

The S&P 500 dropped 2% for one of its worst days in the last two years. It thudded to its fifth losing week in the last six after wiping out what had been a big gain to start the week.

The first of the boycotts happened last month, with more scheduled in the coming weeks. The effort includes boycotts of various companies and retailers during different time periods.

San Francisco-based 23andMe filed for Chapter 11 bankruptcy protection on Sunday and said it would pursue a sale, after years of struggling to find a sustainable business model. That means the company — and the genetic information of its 15 million customers — will likely soon be up for grabs to the highest bidder.

It is the lowest reading in 12 years and well below the threshold of 80, which the Conference Board says can signal a potential recession in the near future. However, the proportion of consumers anticipating a recession in the next year held steady at a nine-month high, the board reported.

More than 3.3 million travelers are projected to pass through the airports between Thursday and March 31, a 4% increase from the same period last year, according to the Chicago Department of Aviation.

Earlier this year, the IRS announced that it’s distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments.

Finland is the happiest country in the world for the eighth year in a row, according to the World Happiness Report 2025 published Thursday. Other Nordic countries are also once again at the top of the happiness rankings in the annual report published by the Wellbeing Research Centre at the University of Oxford.