Markets slide after Trump lobs tariff threats at Apple and EU
The markets closed lower Friday after President Trump threatened to impose a 25% tariff on Apple and 50% tariff on the European Union.
Tariffs
Trump threatens EU, Apple with new tariffs
In a return to the global trade war, President Trump threatened a new round of tariffs on the European Union. He said he recommends a 50% tariff on EU imports starting as soon as June 1, after saying negotiations with the EU are "going nowhere." CBS News' Major Garrett and Javier David have more.
Trump tariff threats hits Apple, French winemakers
President Trump is pushing Apple to shift iPhone production to the U.S., while French winemakers are bracing for new trade barriers. Nancy Cordes and Elizabeth Palmer report.
Trump says Harvard has to "change its ways"
A federal judge has temporarily halted the Trump administration's attempt to block the enrollment of international students at Harvard University. Sabrina Rodríguez, national political reporter at The Washington Post, and Tyler Kendall, Washington correspondent for Bloomberg, join "America Decides" with analysis.
Trump announces "partnership" between U.S. Steel and Nippon Steel
"I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America," President Trump wrote Friday afternoon.
Trump pressures Apple to manufacture in U.S.
President Trump warned Apple on Friday that it could face a 25% tariff if it does not start manufacturing iPhones in the U.S. CBS News chief White House correspondent Nancy Cordes reports.
Stocks fall as Trump threatens new tariffs
The Dow Jones closed down on Friday as President Trump's fresh tariff threats lit a fire under the European Union and Apple. Sarah Frier, Bloomberg technology editor, joins with analysis.
Trump on tariffs threats for EU, Apple
President Trump says he is not looking for a trade deal with the European Union and is blasting Apple for manufacturing the iPhone outside of the U.S. This comes as Mr. Trump signs a new batch of executive orders. CBS News' Lindsey Reiser reports.
Markets react to Trump Apple threats
President Trump is threatening to impose tariffs on Apple products if the company proceeds with plans in India. The stock markets are reacting negatively to Mr. Trump's statements. CBS News' Weijia Jiang reports and JD Durkin has more on the financial impact.
Trump threatens to hit Apple with 25% tariff on iPhone sales
President Trump said he would impose steep tariff on Apple unless company starts manufacturing some iPhones in the U.S.
Stocks drop after Trump's tariff threats
U.S. and European stocks dropped Friday after President Trump threatened to slap 50% tariffs on the European Union and 25% tariffs on Apple. Also, Russia's defense ministry said it has conducted a prisoner swap with Ukraine. CBS News' Ramy Inocencio has the latest.
Trump threatens Apple, EU with tariffs
President Trump announced Friday in separate social media posts that he's recommending a 50% tariff on the European Union and a 25% tariff on Apple if the company doesn't manufacture its iPhones in the U.S. Meanwhile, Harvard University is suing the Trump administration over its ban on the school from enrolling international students. CBS News' Natalie Brand has the latest.
China eyes global help to end U.S. trade war
China says trade talks with the U.S. are important amid a 90-day truce that lowered tariffs between the two countries, but other nations need to get involved to reach a full solution. Andrew Polk, partner at Beijing-based research firm Trivium China, joins "America Decides" with analysis.
Nike to hike prices on certain products as part of seasonal adjustment
Nike will raise prices on footwear, clothing and equipment starting this week.
Apr 17: CBS News 24/7, 10am ET
President Trump slams Federal Reserve Chair Jerome Powell; South Philadelphia nonprofit creates meaningful job opportunities for adults with autism.
Apr 17: CBS News 24/7, 1pm ET
Active shooter reported on Florida State University campus; suspect in custody.
Apr 17: CBS News 24/7, 4pm ET
Police give update on Florida State University shooting that killed two and injured six people.
Walmart to slash roughly 1,500 corporate jobs
Walmart said it would eliminate members of its global tech workforce in a memo sent to employees on Wednesday.
Target reports weaker sales
Stocks tumbled Wednesday amid concerns the new budget bill in Congress could deepen the U.S. deficit. Earlier in the day, Target reported weaker-than-expected earnings due partly to anxiety about the implications of President Trump's tariffs. Javier David, business editor at the Dallas Morning News, joins "America Decides" with analysis.
Target misses earnings expectations
Target missed its earnings expectations as it grapples with the effects of tariffs and the impact of scaling back its diversity and inclusion efforts. This comes as Home Depot also reports disappointing gains. Jordyn Holman, a business reporter for The New York Times, joins CBS News 24/7 with more.
Apr 16: CBS News 24/7, 10am ET
Federal judge ramps up demands for Trump administration to return Kilmar Abrego Garcia from El Salvador; New CDC study shows rates of Autism diagnoses among children on the rise.
Apr 16: CBS News 24/7, 1pm ET
Judge finds cause to hold Trump administration in contempt for violating deportation flight orders; South African police rescue kidnapped American pastor amid shootout with abductors.
Apr 16: CBS News 24/7, 4pm ET
Fed Chair Powell says unemployment and inflation likely to go up as tariffs are paid by the public; Newly released bodycam footage shows first responders at Gene Hackman's home.
Apr 15: CBS News 24/7, 10am ET
El Salvador's president says he will not return mistakenly deported man to U.S.; Common tax filing mistakes that can cost you.
Apr 15: CBS News 24/7, 4pm ET
Hearing on Trump administration's deportation of Kilmar Abrego Garcia; Lt. Gabrielle White becomes first woman to compete in Army's Best Ranger Competition.
Israel attacks Hamas leaders in Doha, drawing condemnation from Qatar
U.S. ally Qatar condemns Israel for strikes targeting Hamas leaders in its capital city Doha, calling them "a blatant violation of all international laws and norms."
live updates
RFK Jr. releases report on children's health
HHS Secretary Robert F. Kennedy Jr. released a report on the administration's approach to healthy outcomes for children and families, although it was short on details.
Supreme Court takes up Trump tariffs, setting stage for major showdown
The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs.
Exclusive
Border official who oversaw L.A. immigration raids arrives in Chicago
Border Patrol official Gregory Bovino, who led controversial immigration enforcement raids in southern California this summer, has arrived in Chicago.
Roberts halts lower court order that required Trump to unfreeze foreign aid
President Trump's administration asked the Supreme Court on Monday to allow it to freeze billions of dollars in foreign aid funding.
DOJ charges man accused in deadly stabbing of Ukrainian refugee
The Justice Department charged the suspect, Decarlos Brown Jr., with one count of committing an act causing death on a mass transportation system.
The U.S. has lost thousands of manufacturing jobs this year, analysis finds
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Over 600 people arrested in operations targeting Sinaloa drug cartel, DEA says
The Drug Enforcement Administration said its efforts resulted in more than 600 arrests in operations targeting the Sinaloa drug cartel, which has been labeled a terrorist group.
Venezuelan leader declares early Christmas as standoff with U.S. escalates
As he sends more troops to Venezuela's borders amid a standoff with Trump, President Nicolas Maduro says he's also rescheduling Christmas, to defend "the right to happiness."