China raising tariffs on U.S. goods to 125%
The move comes after President Trump raised tariffs to the same level on Chinese goods.
Watch CBS News
The move comes after President Trump raised tariffs to the same level on Chinese goods.
President Trump said Thursday he is 'working on papers" to withhold federal funding to U.S. sanctuary cities, including Chicago.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies.
In President Trump's latest move against sanctuary cities, he said places like Chicago could lose all of their federal funding.
President Trump says his administration is going to work out trade deals with countries that have approached him about his now-delayed plan for new tariffs. This comes as his budget deal, which includes both spending cuts and tax cuts, is now one step closer to becoming law.
China is not part of the pause, and the administration is ratcheting up pressure on Beijing to negotiate, pushing tariffs on Chinese goods up to 125%.
Cummings, chief of staff at Stanford Institute for Economic Policy Research, reacts to the happenings in the stock market and why people should care about what they’re seeing.
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
University of Chicago officials confirmed that the federal government had terminated the F-1 visa status of three current students and four recent graduates.
Illinois is one of the largest exporting states in the U.S. doing business with China, and tariffs could have deep and wide-ranging effects on Illinois industry.
Illinois is one of the largest exporting states in the U.S. doing business with China, and tariffs could have deep and wide-ranging effects on Illinois industry.
Illinois leaders want farmers and agricultural workers to know they have their backs when it comes to selling their good around the world, even amid President Donald Trump's escalating trade war.
Investors nervously eyed President Trump's growing trade war, which threatens to raise prices for U.S. consumers and blunt economic growth.
Johnson wants early talks and open dialogue with other city leaders, but some members of the City Council said they've been sounding the same alarm for months.
With the unrest on Wall Street in the wake of President Trump's tariffs, and the uncertainty in Washington, Chicago Mayor Brandon Johnson is sounding the alarm about next year's city budget.
President Trump and Israeli Prime Minister Benjamin Netanyahu met two days before new U.S. tariffs go into effect.
During a meeting with Israeli Prime Minister Benjamin Netanyahu, Mr. Trump said that "we're having direct talks with Iran," beginning Saturday.
As the stock market continues to plunge following President Trump's newest announced tariffs, many Americans are seeing their retirement savings, particularly in 401(k) plans, take a hit.
The recent election that determined control of the Wisconsin Supreme Court saw millions of dollars flooding in from billionaires, featured attack ads and drew national political attention.
Countries targeted by President Trump for higher so-called reciprocal tariffs are due to go into effect on Wednesday.
The sweeping tariffs on goods from countries around the world set off the worst two-day Wall Street sell-off in five years.
The Trump administration's IT team members investigated how Atlantic editor-in-chief Jeff Goldberg was added to a Signal group chat with high-ranking senior officials.
The protests came as investors are bracing for the week ahead after stocks plummeted last week. president trump's 10% tariffs are now in effect, with higher reciprocal tariffs set to switch on this week.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Tarik Skubal allowed two singles in seven innings and the Detroit Tigers ended Chicago's six-game winning streak with a 6-0 win over the White Sox.
Daylen Lile hit a tiebreaking home run in the fourth inning and rookie Brad Lord struck out a season-best seven to help the Washington Nationals beat the Chicago Cubs 2-1.
Luke Altmyer threw for 296 yards and three touchdowns and No. 11 Illinois capitalized on a series of mistakes by Duke to beat the Blue Devils 45-19 for a road win against a power-conference opponent.
At least four people have been killed and three others have been wounded in weekend shootings across Chicago.
Democratic elected officials in Chicago are responding after President Donald Trump again appeared to threaten to send in troops for a widespread immigration and crime crackdown.
President Trump has targeted Chicago and other Democrat-led cities for expanded federal intervention.
The Trump administration told Kilmar Abrego Garcia on Friday it is now seeking to deport him to the tiny African kingdom of Eswatini, according to an email obtained by CBS News.
Senators Dick Durbin and Tammy Duckworth are in North Chicago, Illinois Friday to discuss plans to use Naval Station Great Lakes as a base for ICE agents.
Court documents say a 22-year-old Illinois man is accused of making online threats against Minnesota Lt. Gov. Peggy Flanagan.
The windows of the ICE facility on Beach Drive were boarded up Wednesday night, possibly in preparation for protests outside.
Some municipalities have decided to keep the tax in place at the municipal level, on the grounds that they need the revenue.
Some local gas stations as of Tuesday afternoon were posting prices of $4 per gallon for regular unleaded, and more than $5 for premium.
Many drivers are as frustrated with the unexplained spike in their auto insurance as they are with congestion on the roads.
The Arlington Heights Village Board on Monday night approved a new 5% streaming tax.
Morton Grove slapped the seller with code violations after the sale to the Hovey family was completed, which prevented them from getting a deed.
The Chicago Breast Cancer Research Consortium is a first-of-its-kind collaboration, uniting all three nationally recognized hospitals to work on research together.
Health experts said they are concerned that the new guidelines set this week by the FDA will create extra steps and potential obstacles to get the shot.
Illinois is one of 20 states now suing the Trump administration for withholding grant money for crime victims. In Illinois, $54 million goes to provide services for crime victims. Workers warn many will now be left behind.
A Chicago rock climber was grounded by a scary medical issue — a cyst in her brain. But a friendly face in the operating room helped Sophie Lin get to the gym again.
With school starting next week for thousands of students, health officials are urging parents to get their kids vaccinated.
The other two American Science & Surplus stores, in the west Chicago suburb of Geneva and in Milwaukee, may stay open as employee-owned and operated businesses.
The private equity firm Sycamore Partners has completed its acquisition of Walgreens, ending the drugstore chain's run as a publicly traded company.
Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
A company that installs license plate-detecting cameras to aid law enforcement has halted operations with federal agencies because of ongoing concerns among officials in Illinois and elsewhere.
A Wisconsin man has pleaded guilty to smuggling lab equipment to Russian companies in violation of U.S. sanctions.
The choir has been making Chicago proud with their run on "America's Got Talent," and this week, voters advanced them to the semifinals.
The sold-out show kicked off at 7:30 p.m. Chicago is one of only three U.S. cities on the band's world tour.
Fans have been eager to learn everything they can ever since Taylor Swift and Travis Kelce announced their engagement in a joint post.
Taylor Swift and Travis Kelce announced the news of their engagement with photos on Instagram.
Oasis won't be in Chicago for another two days, but you can get merch from their tour now.
Meteorologist Brandon Roux has the latest First Alert Weather forecast.
Butterflies are heading south for the winter, and on Saturday, families in Chicago got an up-close look at the monarch butterfly migration at the Peggy Notebaert Nature Museum.
Check your refrigerator and freezer before prepping dinner tonight. A salmonella outbreak has been linked to some home delivery meals.
A man has been arrested and charged nearly a month after Chicago police shot at him during a chase in the South Shore neighborhood.
Chicago police say they shot and killed a person involved in a burglary and car crash that injured two officers. Police have made one arrest and are looking for another person.
Democrats in Chicago are responding after President Trump again appeared to threaten to send in troops for a widespread immigration and crime crackdown.
A Chicago police officer shot and killed a burglary suspect early Saturday in the Austin neighborhood, police said. A second suspect was arrested, and a third got away.
A Chicago area artist combines art and science in a dazzling way, and CBS News Chicago meteorologist David Yeomans even tried his hand at it as he checked out Environmental Graphiti.
Tarik Skubal allowed two singles in seven innings and the Detroit Tigers ended Chicago's six-game winning streak with a 6-0 win over the White Sox.
Daylen Lile hit a tiebreaking home run in the fourth inning and rookie Brad Lord struck out a season-best seven to help the Washington Nationals beat the Chicago Cubs 2-1.
The man accused in the attacks has a long record of being arrested, prosecuted, and then quickly being set free to attack again.
With an enforcement blitz by U.S. Immigration and Customs Enforcement anticipated in the coming days, more people could be in immigration custody are in need of legal help.
This Labor Day weekend was much more violent than those of recent years — driven in part by mass shootings.
Questions have arisen about the future of Illinois' criminal detention system, in light of President Trump's executive order to bring back cash bail.
Anthony Filomena said his firing by the Chicago Blackhawks has made it difficult to find another job in public relations.
Tarik Skubal allowed two singles in seven innings and the Detroit Tigers ended Chicago's six-game winning streak with a 6-0 win over the White Sox.
Daylen Lile hit a tiebreaking home run in the fourth inning and rookie Brad Lord struck out a season-best seven to help the Washington Nationals beat the Chicago Cubs 2-1.
Luke Altmyer threw for 296 yards and three touchdowns and No. 11 Illinois capitalized on a series of mistakes by Duke to beat the Blue Devils 45-19 for a road win against a power-conference opponent.
The Bears might not be at full strength for Monday's season opener against the Vikings at Soldier Field, but hopes are still high for a strong debut in Ben Johnson's first game as head coach.
New quarterback Preston Stone passed for 245 yards and his first three touchdowns with Northwestern, leading the Wildcats to a 42-7 rout of Western Illinois.
Court documents say a 22-year-old Illinois man is accused of making online threats against Minnesota Lt. Gov. Peggy Flanagan.
Alex Tuider walked into his business this past Friday morning to find thieves had used a crowbar to break down the front door and steal $25,000 worth of cards.
One of the seven people who lost their lives to gun violence in Chicago this Labor Day weekend had become a community fixture in the Pilsen neighborhood.
A man broke into three homes between 2 a.m. and 3 a.m. Sunday, Aug. 30, forcing his way through the back door and kitchen window.
In each incident, the robbers targeted lone victims on park property, and ripped away the gold chains or necklaces, police said.
