tariffs

While containing a swath of different measures, the legislation was backed by many lawmakers and agricultural groups seeking to address rising costs, growing economic concerns, and other difficulties farmers face across the country. #farm #bill

“Financial losses are worse this time around, yet the aid package is 50% smaller. We’re seeing repeated devastation with greater losses than Trump 1. It defies logic.” #trump #tariff #farmers

Agricultural uncertainty is being compounded by questions surrounding China’s promised purchases of U.S. soybeans. The Trump administration has claimed China will buy 12 million metric tons of soybeans this year, but federal data shows only 2.25 million tons have been purchased as of Dec. 5. #farmers #tariff #aid

“With Donald Trump’s tariffs hyper-charging inflation and the costs of groceries, property taxes and everyday items on the rise, the last thing working-class and poor communities in Chicago, the Southland and Central Illinois need is another shock to their pocketbooks from utility costs,” Preston said in a statement. #consumer #energy

Preston argued that outside corporations, such as investment giant Blackstone, are worsening the housing crisis by manipulating the market, while federal tariff policies keep mortgage rates high despite the Fed’s cuts. #cuts

According to the report, two of the five major metropolitan areas with the biggest inflation problems have a large footprint in Illinois. #inflation

“American families and businesses are struggling with high costs. It’s one of the top issues that they want policymakers to address,” said Neil Bradley, Chief Policy Officer at the U.S. Chamber of Commerce. #tariffs

"The President is right to focus on major problems like our broken border and the scourge of fentanyl, but the imposition of tariffs under IEEPA is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains. #tariffs