Plunging U.S. imports from China could lead to shortages, experts warn
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
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The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
President Trump marked the rally in the battleground state of Michigan, and also made fresh news on tariffs Tuesday night. Erica Brown reports.
CBS travel editor Peter Greenberg joined Dana Kozlov.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
Shein and Temu starting raising prices Friday in anticipation of Trump tariffs scheduled to take effect next week.
This comes after the heads of two major retailers expressed their concerns about how the tariffs could impacted how you shop.
China has denied President Trump's assertion that the two sides were involved in active negotiations over tariffs.
The lawsuit said the policy put in place by President Trump has been subject to his "whims rather than the sound exercise of lawful authority."
Hong Kong announced it would immediately stop shipping packages to the U.S. in response to President Trump's tariffs.
It comes as the president's trade policy continues to unfold, with new questions about the tariff on some popular electronics from China, like iPhones.
President Trump on Sunday said there were no exceptions made to his tariff announcements, adding that "nobody" will see an exemption in his widening trade war.
Meanwhile, President Trump posted on Truth Social Sunday that electronics would be subject to a previously announced 20% levy, contrary to an announcement on Friday that they would be spared from tariffs.
Meanwhile, President Trump has come under scrutiny for his week of tariff-related decisions, as many on Sunday morning talk shows continue to debate the economic sense of the tariff hikes and growing trade war with China. Cristian Benavides reports.
As the Trump administration continues itis battles on tariffs and immigration policy, the president traveled to Miami to attend a UFC fight along with Elon Musk and RFK Jr.
The exemptions, published late Friday in a notice by the U.S. Customs and Border Protection office, cover various electronic goods, including smartphones.
Small businesses in the Chicago area are making some difficult decisions about their future, because of the tariffs imposed by the Trump administration and the retaliation from China.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
Chinese officials called soaring U.S. tariffs are "a joke," Friday, while sharply hiking levies on American imports to 125%. Investors aren't laughing as the stock market wobbled again.
The move comes after President Trump raised tariffs to the same level on Chinese goods.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies.
The owner of Timeless Toys in Lincoln Square says he would like to keep toys out of tariff talk and keep prices low for the holiday season, but he is nervous costs will skyrocket. Shardaa Gray reports.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies. Shardaa Gray reports.
The CEO of Amazon said some prices on the e-commerce giant will likely go up due to Trump's tariffs and the trade war.
China is not part of the pause, and the administration is ratcheting up pressure on Beijing to negotiate, pushing tariffs on Chinese goods up to 125%.
Cummings, chief of staff at Stanford Institute for Economic Policy Research, reacts to the happenings in the stock market and why people should care about what they’re seeing.
A local high school teacher is charged with transporting child pornography on a flight to Mexico.
Walmart heir Lukas Walton and his wife Samantha have purchased a minority stake in the Chicago Bulls and the United Center, the team announced Friday.
Elgin police are looking for a man who went under the water in the Fox River after an incident Friday morning.
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Led by Sen. Cory Booker of New Jersey, a group of Senate Democrats suggested the Justice Department violated its internal policies with the creation of the "anti-weaponization" fund.
Bolton agreed to pay a $2.25 million fine, pleading guilty to one count of retaining classified national security information.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
A judge on Thursday ordered the Justice Department to either release unredacted versions of several files on the late sex offender Jeffrey Epstein or explain why it can't do so.
Chicago Mayor Brandon Johnson on Thursday signed an executive order aimed at reducing gun violence in Chicago.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
June is National Aphasia Awareness Month, raising awareness of a disorder that affects a person's ability to speak, write, and understand both spoken and written language.
The Chicago Department of Public Health issued a warning Tuesday about a possible measles exposure at O'Hare International Airport.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Daley's Restaurant, known as Chicago's oldest, has served Chicago's Woodlawn neighborhood for more than 130 years.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
Lionel Richie's Chicago concert at the United Center has been postponed after the singer became sick at his tour opener in St. Paul, Minnesota.
Legendary musician Lionel Richie had to cut his performance short Wednesday night in St. Paul, Minnesota, leaving fans with many questions.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
Chicago is bracing for a heat wave bringing the hottest temperatures in two years and the longest streak above 95 degrees in 14 years, with the heat index making it feel as hot as 110 degrees some days.
Cool and with spotty rain Friday night. Lows around 60.
Two weeks after an EF-2 tornado ravaged Merrillville, Indiana, high school students came together to revitalize their community.
A woman died and four others were injured in a crash between two recreational boats near Chicago's Monroe Harbor overnight.
A woman died, and four others were injured after a boat crash near Chicago's Monroe Harbor overnight.
A local high school teacher is charged with transporting child pornography on a flight to Mexico.
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
The Chicago area is facing a dangerous heat wave next week, with humidity pushing temperatures into the triple digits and excessive heat warnings likely.
A man was injured after jumping from a fire that broke out at a high-rise building in Chicago's Edgewater neighborhood on Friday morning.
An Uber driver who was assaulted during a ride said he begged Chicago police officers not once but twice for help, but was left to fend for himself.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
The Cook County Sheriff's Office has been a part of Illinois' enhanced CTA security plan and state-led task force dedicated to making it safe since the end of March. Their officers have worked more than 4,000 hours a month.
A rideshare driver was shot in Chicago's North Lawndale neighborhood on Monday night.
After a violent holiday weekend, Chicago city leaders are expected to announce new support for a dedicated Department of Gun Violence Prevention.
Walmart heir Lukas Walton and his wife Samantha have purchased a minority stake in the Chicago Bulls and the United Center, the team announced Friday.
There was a big honor for a Chicago Bulls legend as Mayor Brandon Johnson declared Thursday to be Horace Grant Day.
Pete Crow-Armstrong laced an RBI double in the 10th inning, powering the Cubs to a 4-3 victory Thursday night over the sinking Mets and a sweep of the four-game series.
Pope Leo XIV has received a special gift from former Chicago White Sox catcher A.J. Pierzynski.
No foul was initially called after Alyssa Thomas' fist made contact with Caitlin Clark's throat during a game between the Phoenix Mercury and Indiana Fever on Wednesday.
A 20-year-old Chicago man is accused of being the administrator of a Signal messaging group that was allegedly planning a terrorist attack on the UFC event at the White House.
Two people are dead after they were found shot behind a residential building in the Dunning community on Chicago's Northwest Side Thursday afternoon.
A registered sex offender was ordered detained until trial Thursday on charges that he sexually abused a 6-year-old girl at a bus stop in Chicago's Chatham community last weekend.
A man was shot and critically wounded in broad daylight on Chicago's Near West Side Thursday afternoon.
U.K. influencer Brooke George says a man she met online repeatedly assaulted her in the UAE, according to an advocacy group. Now she's facing possible execution for allegedly stabbing him to death.
