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Brian Mackey / NPR Illinois

J.B. Pritzker is reiterating his call for a graduated income tax — and says before that, Illinois might need to raise its existing flat tax rate.

Tom Driggers / via Flickr

Illinois farmers are among the targets of new Chinese tariffs. Beijing this week said it will impose a tax on American soy and pork products, two of Illinois' chief exports. The move is a response to President Trump’s announced tariffs on Chinese steel and aluminum.

China’s rapid industrialization and economic expansion over the past few decades has been a boon for U.S. farmers — especially soybean farmers. But China’s economy is slowing down, leaving American farmers exposed to the downside of being tied to the world’s second largest economy.

Despite the U.S. being reliant on China for exports, many Americans have a hard time understanding what is taking place with the world's largest economy. 

We figured it was a good time to bring in Roy Wehrle, Professor Emeritus of Economics at the University of Illinois Springfield.