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President Trump announced Wednesday he is increasing tariffs on China to 125% while suspending reciprocal tariffs "beyond" 10% on other U.S. trade partners for the next 90 days. Mr. Trump discussed the decision during an event in front of the White House. CBS News' Aaron Navarro, Taurean Small and Kelly O'Grady have more.
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
Small business leaders are raising red flags over Trump's sweeping tariffs, warning of possible job cuts and rising prices. Wildfang CEO Emma McIlroy shares how her company is preparing.
President Trump's tariffs could drive up the cost of clothing. According to a 2023 estimate, 97% of shoes and clothes sold in the U.S. are imported, creating concern among businesses.
CBS News MoneyWatch correspondent Kelly O'Grady and CBS News business analyst Jill Schlesinger join "CBS Mornings" to break down the impact of President Trump's latest round of tariffs that took effect Wednesday – from potential price hikes to the stock market.
As President Trump threatens China with even more tariffs, Beijing says it will never bow to "unilateral bullying," and "will fight to the end."
Tuesday was another volatile day for the markets as tariff uncertainty gripped Wall Street. President Trump's reciprocal tariffs are set to go into effect Wednesday. CBS News' Kelly O'Grady, Aaron Navarro, Ramy Inocencio and Nikole Killion have all the latest tariff details.
The Dow, Nasdaq and S&P 500 closed in negative territory Tuesday as investors continue to reel from President Trump's global tariffs. Martin Baccardax, senior editor and chief markets correspondent at TheStreet, joins "America Decides" to examine how the escalating trade war could impact the global economy and whether trade deficits are inherently bad.
President Trump signed an executive order on Tuesday that aims to revitalize a declining coal industry and help the U.S. achieve affordable and reliable energy. CBS News Climate Unit senior coordinating producer Tracy Wholf breaks down the order and its concerns.
A stock market rally fizzled by Tuesday's closing bell, with the Dow Jones wiping out a 1,400-point gain and all three major indexes closing in the red ahead of the midnight deadline for President Trump's sweeping tariffs. CBS News' Kelly O'Grady and Jennifer Jacobs have more.
Americans' grocery bills could be higher due to President Trump's tariffs. Supermarketguru.com editor Phil Lempert joins CBS News to discuss how tariffs will "change what we buy."
Tuesday was another volatile day for the markets as the Trump administration indicated it is taking calls from nearly 70 countries to negotiate on tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."
A spokesperson for China's foreign ministry hit back at Vice President JD Vance after Vance referred multiple times to "Chinese peasants" in a Fox News interview.
China retaliates as Trump tariffs take effect, Beijing adds levies on U.S. foods, blacklists American companies; Mardi Gras 2025 security at historic level following New Year's attack.
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down how China and other countries are responding to President Trump's tariffs and the impact on consumers.
Some world leaders have offered to negotiate tariffs on U.S. products as President Trump's reciprocal tariffs are set to take effect. Meanwhile, China has threatened to take countermeasures if Mr. Trump imposes an additional 50% tariff. The uncertainty has some business owners worried how much prices will rise. CBS News' Weijia Jiang has more.
As the Los Angeles area continues to rebuild after January's devastating wildfires, tariffs threaten to hinder the process. Carter Evans reports on how the new duties could slow building and increase the costs.
The trade war is making business at JaZams toy store anything but fun and games. To get ahead of tariffs, owners Joanne Farrugia and Dean Smith dipped into their cash savings, spending $400,000 to stockpile toys and books. Nancy Chen reports.
President Trump vowed there will be no pause to his wave of global tariffs. Despite the negative impact on the markets, and the increasing uncertainty about small and large businesses alike, the president promises his tariff plan will revive America's manufacturing sector. Josh Bivens, chief economist at the Economic Policy Institute, joins to discuss.
What do President Trump's sweeping tariffs mean for the average U.S. household? Ernie Tedeschi, director of economics at Yale University's Budget Lab, joins CBS News to discuss. Then, Kate Gulliver, chief financial officer at Wayfair, joins to explain what customers can expect moving forward.
Monday was a rollercoaster day for the markets as investors looked to make sense of President Trump's tariff policies. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Some influential business leaders who supported President Trump's return to the White House are expressing buyer's remorse as the fallout from Mr. Trump's sweeping tariffs continues. Julia Manchester, national political reporter for The Hill, and Dave Weigel, political reporter for Semafor, join "America Decides" to discuss.
President Trump threatened to impose additional tariffs on China even as markets saw another turbulent day of trading on Monday. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins "America Decides" to share his perspective.
President Trump said Monday he was not considering a pause on tariffs as Wall Street and world markets saw continued volatility. CBS News' Aaron Navarro, Kelly O'Grady and Nikole Killion have the latest.
The plaintiffs in this case are 10 migrant children between the ages of 10 and 17 who entered the U.S. without authorization and without their parents or legal guardians.
Homeland Security Secretary Kristi Noem said that there's been "ongoing operations with ICE in Chicago and throughout Illinois and other states," adding that "we do intend to add more resources to those operations."
According to his spokesperson Michael Ragusa, Giuliani was diagnosed with "fractured thoracic vertebrae, multiple lacerations and contusions, as well as injuries to his left arm and lower leg."
The U.S.-born pope spoke in English as he denounced the attack and the "logic of weapons" fueling wars around the world.
The Global Sumud Flotilla will try to break the Israeli blockade of the Palestinian territory and bring humanitarian aid, food, water and medicine to Gaza as Israel steps up its offensive in Gaza City.
Illinois Gov. JB Pritzker told CBS News that President Trump has "other aims" aside from fighting crime, as he vows to crack down in Chicago.
Mark Knoller was, to put it simply, a legend. For decades, everyone in the White House press corps knew him as the unofficial presidential historian and statistician.
The quake's epicenter was 22 miles north or Bāsawul, Afghanistan, and it had a depth of 6.2 miles, the U.S. Geological Survey said.
Police in Barcelona arrested two protesters as they demanded "climate justice."