Popular baby products company hard-hit by tariff hike on steel, aluminum
Tariffs affect almost all of the 500-plus products that Munchkin sells, the vast majority of which are made in China.
Tariffs
Timeline of Trump's steel, aluminum tariffs
The Trump administration's increased 50% tariff on steel and aluminum imports went into effect Wednesday. U.S. steel firms have praised the action, while various foreign trade partners have condemned it. CBS News MoneyWatch Correspondent Kelly O'Grady reports.
Why Trump raised tariffs on steel, aluminum
President Trump has doubled his tariffs on steel and aluminum imports from 25% to 50%. The new import taxes took effect overnight. They apply to nearly all U.S. trading partners, except for the U.K. CBS News chief White House correspondent Nancy Cordes has more on what's behind the decision.
Ex-Obama trade adviser on impact of tariffs
President Trump's tariff hike on steel and aluminum imports took effect on Wednesday. Francisco Sanchez, who served as the under secretary of commerce for international trade in the Obama administration, joins "The Takeout" to unpack the possible downstream consumer effects.
CBO: Trump budget bill would increase deficit
The Congressional Budget Office released new numbers on the monetary impacts of President Trump's budget bill and tariffs on Wednesday. CBS News chief White House correspondent Nancy Cordes reports.
Dollar Tree says U.S. tariffs could cut its Q2 profits in half
Dollar Tree CEO says "the tariff landscape is highly fluid and changing week to week," as the discount retailer slashes its earnings guidance.
Markets calm as tariffs take effect
U.S. stock markets appear calm as President Trump's doubled tariffs on foreign steel and aluminum take effect. This comes as new jobs report data emerges. CBS MoneyWatch correspondent Kelly O'Grady has more.
Investors react to doubled steel tariffs
Tariffs on steel and aluminum imports doubled from 25% to 50% Wednesday as President Trump's trade war ramped up. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump's tariffs take effect
President Trump's 50% tariffs on foreign steel and aluminum took effect Wednesday. Meanwhile, Mr. Trump is expecting to speak with Chinese President Xi Jinping later this week about trade. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the latest economic data, while CBS News' Natalie Brand has the latest updates from the White House.
Trump tariffs on steel, aluminum double
President Trump's steel and aluminum tariffs have officially doubled to 50%, and American manufacturing experts are warning that the costs will be passed down in the supply chain, possibly raising prices for consumers. CBS News' Natalie Brand reports.
U.S. doubles tariffs on steel and aluminum to 50%
A U.S. tariff on imports of steel and aluminum took effect Wednesday, doubling to 50% and casting a pall on a gathering of OECD ministers.
"Buy now, pay later" for groceries?
While "buy now, pay later" loans have been used for big-ticket items for years, new data shows that a growing number of American consumers use the method for everyday items. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Apr 29: CBS News 24/7, 10am ET
President Trump to mark 100 days of second term with speech in Michigan; Congress divided over Trump's budget bill.
Apr 29: CBS News 24/7, 4pm ET
Trump to mark symbolic milestone with Michigan rally; President Trump promises no tax on tips, gains support from some congressmen and senators.
Apr 29: CBS News 24/7, 1pm ET
Trump administration plans to ease some tariffs on automakers; Florida man jumps into alligator-inhabited lake to save injured bald eagle.
China, U.S. swap trade violation claims
China is pushing back against the U.S. after President Trump accused the country of violating a May 12 trade agreement. CBS News senior business and technology correspondent Jo Ling Kent reports.
Jan. 6 defendant rejects Trump pardon
A former Trump loyalist is rejecting a pardon for her role in the Jan. 6 Capitol riot. Pamela Hemphill was convicted of a misdemeanor for entering a restricted area during the 2021 attack. Wall Street Journal White House reporter Meridith McGraw, NOTUS reporter Jasmine Wright and CBS News Department of Justice correspondent Scott MacFarlane join to discuss.
China blasts White House trade claims
The Chinese Commerce Ministry said Monday that recent Trump administration moves, including plans to revoke visas for Chinese students, have violated the trade deal both countries agreed to in Geneva. The statement comes days after President Trump accused China of violating the trade agreement. CBS News' Ed O'Keefe has the latest, and CBS News MoneyWatch correspondent Kelly O'Grady has more on how markets are reacting.
U.S. steelmaker shares jump after Trump hikes industry tariffs to 50%
Shares of several major U.S. steel companies jumped Monday after President Trump said he would hike tariffs to 50%.
Trump, Xi will speak soon, official says
President Trump will speak with Chinese President Xi Jinping at some point in the near future, according to Treasury Secretary Scott Bessent. This comes after Mr. Trump said that China violated its trade agreement with the U.S. CBS News' Natalie Brand has the latest.
Trump's tariff hike on steel causes new uncertainty
President Trump on Friday announced a doubling of tariffs on foreign imports of steel and aluminum from 25% to 50%, which could threaten to impact the prices of cars, appliances and even construction supplies. Taurean Small has details.
Elon Musk gets Oval Office sendoff
Hours after Elon Musk's farewell ceremony in the Oval Office, a U.S. appeals court denied the Trump administration's request to resume mass firings of federal employees. Meanwhile, President Trump returned to a key battleground state for a rally after declaring new steel tariffs and announcing a deal with Japan's Nippon Steel.
Trump doubles steel tariffs as deal sparks hope
With his tariffs facing legal challenges and no big trade deal yet, President Trump hoped for an economic boost through what he called a "planned partnership" between Japan's Nippon Steel and U.S. Steel, which could save tens of thousands of jobs nationwide, including at least 11,000 around West Mifflin, Pennsylvania. Ed O'Keefe has more.
Trump announces doubled tariffs on steel
On Friday in Pennsylvania, President Trump announced that "we are going to be imposing a 25% increase, from 25% to 50%, the tariffs on steel into the U.S., which will even further secure the steel industry in the U.S." CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
Fed's preferred gauge shows inflation cooling
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Trump hikes tariffs on Canada by another 10% in response to anti-tariff ad
The move comes even though Ontario's leader said the anti-tariff ad would be halted beginning Monday.
Hurricane Melissa strengthens into a powerful Category 3 storm in the Caribbean
Melissa strengthened into a major hurricane and is expected to bring "catastrophic" flash flooding and landslides to Jamaica, Haiti and the Dominican Republic.
Kamala Harris leaves the door open for another presidential run
Former vice president Kamala Harris spoke about the possibility of a woman being in the White House one day in an interview with the BBC.
Trump travels to Asia to meet China's Xi, as government shutdown continues
President Trump met with the emir and prime minister of Qatar Saturday aboard Air Force One during a refueling stop.
Trump calls for prosecution of more political foes including Smith and Garland
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.
At least 4 killed in Ukraine after Russian missile and drone attacks
Russian missile and drone attacks on Ukraine overnight into Saturday killed at least four people and wounded 20, officials said.
Honduran man killed on Virginia highway while fleeing ICE agents
Jose Castro-Rivera was in a vehicle that was stopped on a Virginia highway on Thursday morning, according to Virginia State Police.
June Lockhart, actor known for "Lassie" and "Lost in Space," dies at 100
June Lockhart, the actor best known for her role as the matriarch in the TV series "Lassie", has died, her family spokesperson said Saturday.
Government shutdown hits Day 26 with no deal in sight
The government shutdown hit Day 26 with no deal in sight as the Senate stands adjourned for the weekend.