Trump announces 100% tariff on pharmaceuticals
President Trump announced the U.S. would impose a new round of tariffs, including a 100% tariff on pharmaceutical drugs.
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President Trump announced the U.S. would impose a new round of tariffs, including a 100% tariff on pharmaceutical drugs.
From skeletons to pumpkins and costumes, tariffs could drive up costs this Halloween.
The reduction means it's slightly cheaper to borrow money, bringing down rates for credit card interest and car loans. The long-awaited move follows continued warning signs about hiring.
The Trump administration's tariffs are slowly rippling through the economy and starting to push up prices for some products, government data shows.
The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs.
The U.S. government could have to refund domestic businesses billions in tariffs, should the Supreme Court uphold a recent federal appeals court ruling.
It has allowed goods worth less than $800 to enter the U.S. duty-free since 2016. However, gifts and personal items under $100 will still be exempt.
Trump's tariffs may hit your wallet harder after Friday, when the de minimis exemption expires. Some shipping services have already stopped shipping to the U.S.
The producer price index, or PPI, surged last month, far outpacing economists' forecasts and suggesting that President Trump's tariffs are starting to significantly drive up the cost of imported goods.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.
President Trump officially began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his months-long tariffs threats begins to create visible damage to the U.S. economy.
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
On July 27, Ursula von der Leyen, the president of the European Commission and President Trump agreed to a deal that included a 15% tariff on most goods from the EU.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
Higher tariffs will be imposed on more than 60 U.S. trading partners starting next week as the Trump administration passed their self-imposed deadline.
President Trump said he's giving Mexico an additional 90 days to strike a trade deal the day before the Aug. 1 deadline he set to impose 30% tariffs on imports from the country.
Opening arguments start Thursday in a federal case that could upend President Trump's signature trade policy.
Parents have started back-to-school shopping extra early this year, trying to get supplies before prices go up from Trump's tariffs.
President Trump said he's considering using money generated by U.S. tariffs to offer a "little rebate" to Americans.
More than 65 toymakers showed off new creations at the Toy Insider's Sweet Suite event. With this year's new tariffs, Hasbro's CEO said toy prices in the U.S. could rise later this year.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
The president has threatened to impose 100% tariffs on countries that buy oil and gas from Russia, including China and Brazil, if a peace deal to end the war with Ukraine is not reached within the next seven weeks.
An extra-alarm fire spread to multiple homes on Chicago's West Side Monday morning.
Whole Foods will soon be moving into a vacant space in a relatively new commercial building in Chicago's Lakeview community, a local chamber of commerce group said.
The 12th Breakthrough Prize Ceremony, also known as the Oscars of Science, was held this past weekend — and during the ceremony, the directors of the film "Apollo 13" honored legendary NASA astronaut Jim Lovell.
Faculty from the University of Illinois Springfield were set to return to work Monday after being on strike since the beginning of April.
Burglars targeted a sports card and comic store in a smash-and-grab in Chicago's Dunning neighborhood early Monday morning.
Chicago's faith community stood up for Pope Leo XIV over the weekend, as the pope pushed back on claims that he is clashing with President Trump.
Former Illinois House Majority Leader Barbara Flynn Currie, who served 40 years in the General Assembly, died Thursday at 85.
President Trump spoke with CBS News Friday in a new telephone interview.
The House OK'd a short-term renewal of a controversial surveillance program used by U.S. spy agencies, after Republicans revolted and refused President Trump's push for a longer extension.
Chicago residents, businesses, and city employees altogether owe the city more than $8.1 billion in overdue debt, some of it dating back to the 1990s, according to a report from the city's inspector general.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
It has been several weeks since West Suburban Medical Center in Oak Park, Illinois, abruptly shut down — and then on Wednesday, it just as swiftly partially reopened, with some services available.
The Centers for Disease Control and Prevention says more than 80% of deaths related to pregnancy are preventable, and Black women are three times more likely to die from pregnancy-related causes than white women.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Whole Foods will soon be moving into a vacant space in a relatively new commercial building in Chicago's Lakeview community, a local chamber of commerce group said.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Blues icon and world music pioneer Taj Mahal will be headlining the Chicago Blues Festival this June.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Mozart's "Don Giovanni," the local premiere of the 2022 opera "Omar," and a fresh production of "Guys and Dolls" are among the highlights of the 2026-2027 season for Chicago's Lyric Opera.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
An extra-alarm fire spread to multiple homes on Chicago’s West Side Monday morning.
Color Me Mine is a paint-your-own pottery studio where you can choose from a wide selection of ceramic pieces and add your own artistic touch, and a new location is opening in Vernon Hills. Owners Skylar and Stacy Sinram join Jackie Kostek.
This week is National Library Week, an annual celebration organized by the American Library Association to celebrate books and the role of libraries in our communities. Natalie Kiburg of the Gail Borden Public Library District in Elgin joins Jackie Kostek to talk about how her library district is celebrating.
Molly Page has set out to visit all 81 Chicago Public Library branches, and she’s taking us all along on the architectural journey. Page joins Jackie Kostek.
Burglars targeted a sports card and comic store in a smash-and-grab in Chicago's Dunning neighborhood early Monday morning.
An extra-alarm fire spread to multiple homes on Chicago's West Side Monday morning.
A teacher from Plainfield, Illinois, was set to face a judge Monday on serious child sex abuse allegations.
Chicago's faith community stood up for Pope Leo XIV over the weekend, as the pope pushed back on claims that he is clashing with President Trump.
Whole Foods will soon be moving into a vacant space in a relatively new commercial building in Chicago's Lakeview community, a local chamber of commerce group said.
The 12th Breakthrough Prize Ceremony, also known as the Oscars of Science, was held this past weekend — and during the ceremony, the directors of the film "Apollo 13" honored legendary NASA astronaut Jim Lovell.
A specially designed playground in the West Pullman neighborhood is making a difference, addressing flooding and the impact of climate change across Chicago.
A tree planting initiative has kicked off in Chatham, among the Chicago neighborhoods most plagued by flooding, to help with the persistent problem.
Chicago residents, businesses, and city employees altogether owe the city more than $8.1 billion in overdue debt, some of it dating back to the 1990s, according to a report from the city's inspector general.
Some parents in southwest suburban Oswego are fired up, saying the school district invited all non-white students to participate in summer remedial programming, regardless of how they're doing in school.
New proposed Illinois legislation would allow renters or people who can't install massive rooftop panels to also harness the power of the sun.
Murakami has more home runs than any Japanese-born player through his first 22 games.
Chicago had at least one baserunner in each of the first seven innings.
Megan Coronado is helping ignite the Flames in her first season as head coach at UIC.
The Chicago Cubs handed the New York Mets their 10th consecutive loss with a 4-2 victory on Saturday.
Moisés Ballesteros, Nico Hoerner and Ian Happ homered, and the Chicago Cubs handed the Mets their ninth straight loss, pounding New York 12-4.
Burglars targeted a sports card and comic store in a smash-and-grab in Chicago's Dunning neighborhood early Monday morning.
A teacher from Plainfield, Illinois, faced a judge Monday on serious child sex abuse allegations.
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
Three people were killed and one other was wounded in a shooting on Friday afternoon in the West Garfield Park neighborhood.
