U.S. warns trading partners higher tariffs could roll out next month
The Trump administration is expected to send dozens of letters to countries that have not made a trade deal, warning them that higher tariffs could kick in next month.
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The Trump administration is expected to send dozens of letters to countries that have not made a trade deal, warning them that higher tariffs could kick in next month.
The Trump administration is expected to send dozens of letters this week to countries that have not made a trade deal with the U.S. Willie James Inman reports.
White House National Economic Council Director Kevin Hassett tells "Face the Nation with Margaret Brennan" that as the deadline approaches for President Trump's "reciprocal tariffs," there are "some negotiations" for trade deals in the works. "The rough outlines of the deals are becoming clear to everybody," Hassett said.
The deadline is fast approaching for countries to make new tariff agreements with the U.S. or face a higher rate. The Trump administration is putting them on notice. Willie James Inman has the details.
President Trump lit the fuse on sweeping tariffs on April 2, which he called "Liberation Day." Ian Lee explains how import taxes on fireworks could affect America's 250th birthday celebration, next year.
President Trump brought pomp and circumstance to his signing of the "big, beautiful bill" on Friday, with an Independence Day ceremony at the White House that included a B-2 bomber flyover. Scott MacFarlane reports.
Fireworks, a hallmark of July 4th celebrations, are feeling the impact of President Trump's trade war with China. CBS News correspondent Ian Lee spoke to a Missouri fireworks distributor about the issue.
Trump administration faces pressure to clinch more trade deals, with a temporary tariff freeze on dozens of countries set to expire.
Millions will gather across the U.S. for the dazzling sights of fireworks to mark the Fourth of July, but the tradition relies almost exclusively on China. The Asian country makes nearly all of the fireworks that are used in the U.S. It's causing problems for fireworks retailers, many of them small businesses, because of the uncertainty of President Trump's tariffs. CBS News' Ian Lee reports.
With the Fourth of July comes sky-high demand for fireworks, but this year, soaring tariffs could dull the show. Elise Preston reports.
The Trump administration is holding chats with representatives of the European Union to discuss trade as the tariffs deadline looms. CBS News' Ramy Inocencio reports.
President Trump on Wednesday announced a trade deal between the U.S. and Vietnam. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
President Trump announced the outline of a trade agreement with Vietnam Wednesday on Truth Social.
The owner of an Oklahoma maker of guitar pedals has had to get creative to absorb higher import costs.
Federal Reserve Chair Jerome Powell said Tuesday the Trump administration's tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
GE Applicances joins the list of companies investing in U.S. manufacturing in new tariff environment under President Trump.
The U.S. trade war with China has sharply curbed fireworks imports. "The timing of the tariffs couldn't have hit at a worse time," one industry rep says.
President Trump's steep tariffs could impact the price of fireworks, which are mostly manufactured in China. CBS News' Shanelle Kaul has more.
The White House released a statement following Canadian Prime Minister Mark Carney announcing that trade talks with the U.S. have resumed after Canada dropped its planned digital services tax. Akin Oyedele, a deputy editor at Business Insider, joins with more details.
President Trump said he does not plan to extend the 90-day tariff pause he imposed for countries to negotiate trade deals. Mr. Trump also commented on a potential buyer for TikTok. CBS News MoneyWatch correspondent Kelly O'Grady has more on what the looming tariffs mean for Americans.
Canadian Prime Minister Mark Carney said that trade talks with the U.S. have resumed after Canada dropped its planned digital services tax. Also, President Trump said over the weekend that he doesn't plan to extend his 90-day tariff pause he imposed for countries to negotiate trade deals. CBS News business contributor Javier David joins with more details.
Canadian Prime Minister Carney says U.S.-Canada trade talks are resuming Canada rescinded its plan to tax U.S. technology firms, a plan President Trump blasted.
Most fireworks come from China, but this year, some shipments were complicated by President Trump's tariffs. Shanelle Kaul reports.
Henrik Svendsen said President Trump's trade war is making the furniture he sells unaffordable to import and unaffordable for customers.
Dozens of companies and wealthy individuals have given money toward President Trump's White House ballroom project. Many have also sought favorable policies.
A red and gray scrap truck carried remnants of the East Wing about six miles from the White House.
The deployment dramatically increases the number of U.S. service members and ships dedicated to countering narcotics traffickers.
President Trump late Friday pushed for several Biden-era Justice Department officials to be prosecuted over an FBI investigation into the fallout of the 2020 election.
The government shutdown hit Day 25 with no deal in sight as the Senate stands adjourned for the weekend.
The U.S. sanctioned the Colombian president, an escalation of the feud between President Trump and the South American leader.
The Trump administration is proposing to auction offshore oil drilling leases across new portions of the U.S. coast as soon as 2026, according to internal documents viewed by CBS News.
President Trump said he's ending trade talks with Canada over an anti-tariff ad campaign by the province of Ontario that uses Ronald Reagan's voice — leading Ontario to pull the ads after this weekend.
The Trump administration's deportation flights to Venezuela have continued amid heightened U.S.-Venezuelan tensions, senior Department of Homeland Security officials say.