Watch CBS News
The Trump administration has ended the de minimis exemption, implementing tariffs on most items shipped to the U.S. that have a value under $800. The change is already sparking confusion for international delivery services and businesses, with some shipments paused. Carter Evans has more.
As of Aug. 29, shipments to the U.S. valued at less than $800 are subject to tariffs, potentially resulting in surprise costs for consumers.
An exemption that allowed low-value parcels shipped to the United States to avoid tariffs has ended, the Trump administration said. Imtiaz Tyab has more on the fallout.
A federal appeals court on Friday ruled that most of President Trump's global tariffs are unconstitutional. Plus, a federal judge heard arguments on Friday from Federal Reserve Governor Lisa Cook's lawyers for an emergency temporary restraining order to block President Trump from ousting her. CBS News White House reporter Aaron Navarro has more.
The Dow Jones fell on Friday after new data showed inflation remained mostly steady in July, but with some prices edging up. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
The Trump administration is scrapping the de minimis tax exemption for parcels valued at $800 or less. BancAlliance's Lori Bettinger joins CBS News with more details.
An exemption that allowed low-value parcels shipped to the U.S. to avoid tariffs has ended, Trump administration officials say.
President Trump's steep 50% tariff on Indian goods is now in effect. The president had initially announced a 25% tariff on India, but earlier this month he signed an executive order imposing an additional 25% tax because India buys Russian oil. CBS News business contributor Javier David has more.
Here's why American appliance maker Whirlpool thinks Trump's tariffs will help its business.
Whirlpool, which makes 80% of its appliances in the U.S., is looking to ramp up production as the Trump administration's new tariffs take effect. Senior vice president Jason Ebert talks about how the company hopes tariffs will help it compete with foreign rivals.
President Trump's praise of a controversial ad campaign gave American Eagle a boost, but his tariffs weigh heavier than words. "CBS Evening News" co-anchor John Dickerson explains.
India, France and Austria joined a growing list of countries Monday that have suspended postal shipments to the United States over President Trump's import tariffs. CBS News senior business and tech correspondent Jo Ling Kent has more.
Prime Minister Mark Carney said Canada is dropping 25% tariffs on a long list of U.S. products to ease trade tensions.
The Trump administration and the European Union are sharing new information about a trade framework between the EU and United States. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Sony is raising prices on all three of its PlayStation 5 consoles by about $50 in the U.S. due to what the company calls "challenging economic times." And earlier this month, Nintendo announced it would also raise prices due to market conditions. CNET consumer insights editor Dashia Milden joins CBS News to discuss what other products could soon cost more.
The U.S. has released details on the framework for a trade agreement with the European Union. Allie Kelly, a Business Insider economy reporter, joins CBS News with more information.
For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
The Trump administration says it is adding 407 items to the list of "derivative" steel and aluminum products subject to higher tariffs. The list includes products like car parts, household appliances, baby strollers, fire extinguishers and spray deodorants. Axios business reporter Nathan Bomey joins CBS News to discuss.
S&P said it is maintaining the AA+ rating on the U.S. as it expects tariff revenue will shore up the nation's finances.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Iowa Republican Gov. Kim Reynolds this week directed the state's National Guard to assist with Immigration and Customs Enforcement operations beginning in September. CBS News Iowa station KCCI's chief political reporter Amanda Rooker joins "The Takeout" to discuss.
The Dow Jones dipped slightly on Thursday after new inflation data showed that wholesale prices rose more than expected last month. CBS News senior business and technology correspondent Jo Ling Kent reports.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
A federal appeals court said many of the tariffs imposed by President Trump on dozens of countries earlier this year are not legally permissible, but didn't halt them.
Hurricane Katrina survivors can still describe in detail what they faced in the days after the storm devastated the Gulf Coast.
Charles Borges filed a whistleblower complaint alleging DOGE employees uploaded a copy of all U.S. Social Security info to a "vulnerable cloud environment."
Israel's military said that it had launched the "initial stages" of the planned offensive to seize Gaza City, declaring the Palestinian territory's biggest population center a "dangerous combat zone."
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.
Veterans forced out under the mandate have been frustrated by what they described as a slow, arduous process to return to service.
CVS said the pharmacy chain cannot vaccinate those even with a prescription in Massachusetts, Nevada and New Mexico due to state laws and regulations.
The FBI said it found bones while searching for signs of Travis Decker. The bones were being analyzed to determine if they are human or animal.
GOP Sen. Joni Ernst of Iowa is expected to announce next week she's not running for reelection in 2026.