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CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the trade relationship and economic impact of China's increase in tariffs on U.S. goods, plus what to expect in the financial markets.
China says it is increasing tariffs from 84% to 125% on U.S. goods starting Saturday. President Trump this week had increased tariffs on China to 145%, escalating the trade war. CBS News' Weijia Jiang has the latest.
China has hiked tariffs on U.S. goods to 125% and called more American hikes impractical and a "joke in the history of the world economy." CBS News' Natalie Brand has more on apparent negotiations with other nations, and Emily Peck, a markets editor at Axios, joins CBS News with more on the impact of President Trump's tariffs.
Dow, S&P and Nasdaq futures were all in the black, though slightly, even though China announced it was raising its tariffs on U.S. goods again, escalating their trade war.
Rep. Marjorie Taylor Greene bought some high profile stocks last week as President Trump's tariffs caused traders to bail out.
As the Fed tries to manage the cooldown of inflation, President Trump's tariff policy has injected a high level of uncertainty into the economy. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, joins to discuss.
President Trump said tariffs are like medicine. Then he changed the diagnosis. "CBS Evening News" co-anchor John Dickerson takes a close look at the president's evolving rhetoric.
The excitement over a pause of President Trump's reciprocal tariffs, which drove the markets up, did not carry over to the next day. Kelly O'Grady explains.
President Trump may have imposed a 90-day pause on many of his new tariffs, but he did not pause the ones on China. In fact, he pushed them even higher. Those triple-digit tariffs are already starting to take a toll on thousands of U.S. businesses that import goods from America's third-largest trading partner. Nancy Cordes reports. Then, "CBS Evening News" co-anchor John Dickerson speaks to a Chicago Fed official about businesses facing uncertainty.
The uncertainty of the trade war is rattling financial markets and businesses across the country. "CBS Evening News" co-anchor John Dickerson spoke to Austan Goolsbee, president of the Federal Reserve Bank of Chicago, about anxieties he's witnessed in the region.
The White House said its tariffs on China now total 145%. Zongyuan Zoe Liu, Maurice R. Greenberg senior fellow for China studies, joins "The Daily Report" to discuss how this trade war affected U.S.-Chinese relations.
One day after a historic rally on Wall Street, the markets were back in the red on Thursday. The sell-off wiped out some of Wednesday's gains and the market volatility comes as investors remain cautious about the future of global trade. CBS News' Kelly O'Grady and Fin Gomez have the latest details.
President Trump had brushed off the stock market's plunge, but turmoil in the bond market got his administration's attention.
"A Veronica Beard jacket was $800. Now it's going to be $1,000," one New York City fabric importer said.
Finnish Foreign Affairs Minister Elina Valtonen met with Secretary of State Marco Rubio in Washington, D.C., on Thursday. Before that meeting, she sat down with CBS News chief Washington correspondent Major Garrett to discuss the state of U.S.-Finland relations.
Michigan Gov. Gretchen Whitmer's unexpected Oval Office visit on Wednesday has angered some Democrats and earned her praise from President Trump. Political strategists Ofirah Yheskel and Kevin Sheridan join "America Decides" with analysis.
The House narrowly passed a budget blueprint on Thursday that includes cuts to taxes and spending, a big step toward eventually approving President Trump's economic agenda. CBS News congressional correspondent Nikole Killion explains what happens now that the plan has passed.
President Trump's tariffs are likely to impact the production and sales of electric vehicles. Albert Gore III, executive director of the Zero Emission Transportation Association, joins "America Decides" to examine the state of the EV industry.
The stock market slid Thursday, even as the White House said dozens of countries were coming to the table to talk about tariffs. President Trump acknowledged that there would be what he calls "transition problems" with his economic policies. CBS News' Kelly O'Grady and Willie James Inman report.
Stock markets slumped on Thursday, erasing much of the previous day's gains as investors continue to navigate President Trump's tariff strategy. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The markets are still digesting President Trump's pause on tariffs. There was an initial positive response among investors, but market volatility remains amid uncertainty over Mr. Trump's next moves. Akin Oyedele, a deputy editor at Business Insider, joins CBS News with more.
Apple's move to avoid China tariffs had been in the works for months, according to report citing Indian government officials.
President Trump commented on new Consumer Price Index data for March after holding his Cabinet meeting at the White House. CBS News' Nancy Cordes breaks down some of his remarks.
President Trump's team is responding to questions about the timing of his tariff pause announcement. This comes as trade negotiations with other nations are apparently underway. CBS News' Jennifer Jacobs reports.
Escalating trade tensions between the U.S. and China could affect Hollywood, with the average U.S. film making about 10% of its gross from the China market.
Senate Majority Leader John Thune said talks among rank-and-file senators aimed at ending the government shutdown have ramped up. Follow live updates here.
"We're going to have a vey successful meeting, I have no doubt," President Trump said while shaking hands with China's Xi Jinping. "But he's a very tough negotiator. That's not good."
Hurricane Melissa has left dozens dead and widespread destruction across Jamaica, Haiti and Cuba, as it continues to threaten the Bahamas and Bermuda.
The Justice Department placed two federal prosecutors on leave after they filed court papers calling the Jan. 6 Capitol siege a "riot" perpetrated by a "mob," three sources told CBS News.
The U.S. military carried out a 15th strike on an alleged "narco-trafficking vessel," said Defense Secretary Pete Hegseth, bringing the known death toll to more than 50.
President Trump said Wednesday he's allowing South Korea to build a nuclear-powered submarine in Philadelphia.
The Senate voted on Wednesday to approve a resolution that would block President Trump's tariffs on Canada.
A jury has found former Sangamon County deputy Sean Grayson guilty of second degree murder for the fatal police shooting of Sonya Massey.
The Red Cross said its staff in Gaza "were not able to intervene directly on-site" as alleged Hamas members were seen burying and then uncovering the remains of a deceased hostage.