Trump to implement new tariffs on Illinois’ largest trading partners as state faces uncertainty over economic projections – Capitol News IL

Illinois received $127.8 billion of imports from China, Canada and Mexico in 2023, according to the Department of Commerce and Economic Opportunity. Illinois is highly dependent on oil and gas from Canada, meaning consumers could be in line for higher energy and gas prices due to Trump’s tariffs. About 72 percent of Illinois’ imports, or $47.4 billion, from Canada in 2023 was oil and gas, according to DCEO.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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