Tesla warns that Trump's trade war could hurt U.S. automakers
In an unsigned letter, Tesla encourages trade representative to reconsider tariffs, saying they could hurt U.S.-based car manufacturers.
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In an unsigned letter, Tesla encourages trade representative to reconsider tariffs, saying they could hurt U.S.-based car manufacturers.
Stock markets reeled this week after news varied over President Trump's tariffs and investor fears. CBS MoneyWatch correspondent Kelly O'Grady reports.
The war in Ukraine was a major focus of President Trump's meeting with NATO Secretary General Mark Rutte at the White House on Thursday. CBS News congressional reporter Taurean Small has more.
Irish Taoiseach Micheál Martin described the U.S. and Ireland's economic relationship as a "two-way street."
The Dow lost more than 500 points Thursday and the Nasdaq dropped more than 300 as investors reacted to President Trump's threat to impose a 200% tariff on European Union exports of wine, champagne, and other alcoholic beverages. Suzanne Lynch, Global Playbook author and associate editor for Politico, joined CBS News to discuss Europe's reaction to the threat.
President Trump has imposed steep tariffs on Canadian goods, citing trade imbalances and drug trafficking. But many of his claims exaggerate or misrepresent the facts.
President Trump on Thursday threatened to put a 200% tariff on European alcohol if the European Union puts a 50% import tax on American whisky in retaliation for his tariffs on steel and aluminum. Kelly O'Grady examines the latest on the trade war.
The Trump administration said that border security is prompting tariffs against Canada and Mexico. President Trump said Canada specifically does not do enough to curb fentanyl from entering the U.S. CBS News correspondent Shanelle Kaul spoke with Canadian Minister of Public Safety David McGuinty.
President Trump is threatening to put new tariffs on European alcohol. Meanwhile, Commerce Secretary Howard Lutnick held talks with Canada's finance minister and Ontario's premiere on the tariff back-and-forth between the U.S. and its northern neighbor. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
President Trump hosted NATO Secretary General Mark Rutte at the White House on Thursday. The president has been a vocal critic of the military alliance, which took shape in the aftermath of World War II. CBS News executive director for White House and politics coverage, Fin Gomez, reports.
President Trump is expected to deliver remarks Friday at the Department of Justice focused on "law and order." The visit comes amid mass layoffs and demotions at the department. David Weigel, political reporter for Semafor, and Deepa Shivaram, White House correspondent at NPR, join CBS News to discuss what to expect.
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings senior fellow in economic studies, and Sarah McGregor, Bloomberg News national desk managing editor, join CBS News with analysis.
"Canada is a sovereign state, yes," Pete Hoekstra said during his confirmation hearing Thursday.
President Trump sat down with NATO Secretary General Mark Rutte on Thursday as the U.S. pushes for a ceasefire between Ukraine and Russia. While Russian President Vladimir Putin backed a deal in principle, he said he has "reservations." CBS News' Nancy Cordes and Margaret Brennan have the latest.
Dollar General's core customer base of low-income Americans are still getting hit by inflation, with retailer seeing little improvement ahead.
Secretary of State Marco Rubio is representing the U.S. during the Group of 7 meetings in Canada. This comes as President Trump's tariffs cause concern around the world. Touria Izri, a Global News national reporter, joins CBS News with more.
President Trump is threatening a steep tariff on all alcohol from the European Union after a retaliatory tariff on popular U.S. goods was announced. CBS MoneyWatch correspondent Kelly O'Grady reports.
The trade war is escalating as President Trump says he may impose additional tariffs on Canada and the EU. Canada has put 25% reciprocal tariffs on nearly $21 billion worth of American imports, while the EU is preparing to levy 25% tariffs on about $28 billion worth of U.S. imports.
President Trump is considering additional tariffs against the European Union and Canada after both announced retaliatory tariffs on the U.S. CBS News correspondent Natalie Brand reports.
A better-than-expected inflation report may have contributed to a better stock market performance. Still the trade war is still on, and the European Union announced retaliatory tariffs. Kelly O'Grady explains.
President Trump's 25% tariffs on all imported steel and aluminum have taken effect. Victor Yarbrough, CEO of Brough Brothers Distillery, the first African American-owned distillery in Kentucky, joins "The Daily Report" to discuss the impact.
President Trump hosted Ireland's prime minister at the White House on Wednesday. It's a traditional visit to celebrate St. Patrick's Day, which is on March 17. The two leaders sat in the Oval Office, where Mr. Trump spoke out against the European Union's reciprocal tariffs and said, "the EU was set up in order to take advantage of the United States." Fin Gomez, CBS News executive editor for White House and politics coverage, reports.
President Trump is moving full speed ahead on tariffs. The administration imposed a 25% tariff on Wednesday on all steel and aluminum imports, and the response from America's allies has been swift. The European Union is imposing tariffs on $28 billion worth of American goods. Canada also announced its own retaliatory tariffs on $21 billion worth of U.S. products. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
President Trump hosted Ireland's prime minister at the White House for St. Patrick's Day. It comes as the European Union, which Ireland is a part of, is set to impose tariffs on $28 billion worth of U.S. goods. CBS News' Nancy Cordes and Nikole Killion have more.
Candidates from different wings of the Democratic Party won key races in the biggest test since President Trump's victory last year. Follow live results here.
The number of fatalities is expected to increase after a UPS plane crashed Tuesday near the Louisville International Airport in Kentucky, Gov. Andy Beshear said.
California voters have passed Proposition 50, CBS News projects, approving a measure that will redraw the state's congressional districts.
A Democratic Socialists of America leader says New York City Mayor-elect Zohran Mamdani offers a "powerful way forward" for Democrats — but some moderates worry he'll hand the GOP "a pretty potent set of weapons" in next year's midterms.
The Senate failed for the 14th time to advance a bill to end the government shutdown, now the longest in U.S. history. Follow live updates here.
Exit polls in the 2025 races in New Jersey, Virginia, New York City and California showed Trump and the economy were on the minds of voters.
The Supreme Court is hearing arguments over whether a federal emergency powers law authorizes President Trump's most sweeping tariffs.
Democrat Mikie Sherrill is set to be the next governor of New Jersey after she defeated Republican Jack Ciattarelli, CBS News projects.
Democrat Abigail Spanberger will be Virginia's next governor, CBS News projects, defeating Republican Winsome Earle-Sears after a race dominated by President Trump.