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.
Watch CBS News
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.
Markham Park District executive director Quintina Brown told police the use of the helicopter was OK'd by the park board president, who negated her claim.
Chicago police say Cho was driving 18-year-old Damarion Johnson last Thursday night when they both were fatally shot.
UIC's athletic department says Sariyah Watson, 21, was a sprinter on the track and field team, but to those who knew her off the track, she is remembered for so much more.
Chicago police say the men, ages 41, 48, and 52, were in an abandoned lot when they were approached by an unknown man who pulled out a gun and shot at them.
Des Plaines police officers responded to the Vortex Vape shop on Saturday around 9 a.m. for an armed person barricaded inside the store.
Democratic National Committee officials visited Chicago on Monday as the city made its official bid to host the party's 2028 convention – a rare move after having just hosted the event in 2024.
A nonprofit group is suing to block the Trump administration's blue resurfacing of the Reflecting Pool in front of the Lincoln Memorial.
Democratic Sen. Mark Kelly of Arizona said the Trump administration's $1.5 trillion budget request for defense spending is "outrageous."
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.
In the legal venue of anti-trust enforcement, the state is not taking on the Trump administration, but rather filling a void that state officials say the Trump administration has vacated.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Thirty years ago, Advocate Children's Hospital created a specialized team to transport the smallest patients to get life-saving care. On the anniversary of the Neonatal Pediatric Transport Team, they unveiled some a new ambulance.
The second-largest physicians' group in the U.S. has issued a surprising switch in breast cancer screening recommendations.
U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million.
Thousands of people marched from the West Loop to Daley Plaza in downtown Chicago on Friday for May Day, with activists calling for workers' rights, stronger labor protections, and increased school funding.
A $170 million-plus plan announced this week will redevelop the Water Tower Place mall on the Magnificent Mile.
The Holiday Club in Chicago's Buena Park neighborhood will soon be going out of business, as the building that houses the popular bar is set to be torn down.
At a meeting on Tuesday, the Lincolnwood Village Board approved a pre-development agreement with the mall, providing a roadmap with the property owner for further preparations and government approvals for redevelopment.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Tickets for the 2026 Ravinia Festival season went on sale Thursday morning.
Commencement speaker Anil Kochhar, the son of an alumnus, wanted to give the class greater freedom to pursue their goals in honor of his late father.
Texas Attorney General Ken Paxton filed the lawsuit on Monday, claiming Netflix collected viewers' data for years and sold information about users without consent.
The American Academy of Pediatrics issued its first new guidance surrounding recess since 2013, saying breaks in the day offer an opportunity for students to manage stress and promote social development.
A marginal risk (1 out of 5) has been placed across the area to highlight the elevated chance of stronger storms. Chief Meteorologist Albert Ramon is tracking the latest in First Alert Weather.
Year after year, high school proms become more over the top, from elaborate prom-posals to full-on photoshoots, but it's not just a dress, dance, and limo ride anymore.
UIC's athletic department says Sariyah Watson, 21, was a sprinter on the track and field team, but to those who knew her off the track, she is remembered for so much more.
Prosecutors say the hourslong attack was recorded on an audio device found in the accused's pocket when he was arrested.
Markham Park District executive director Quintina Brown told police the use of the helicopter was OK'd by the park board president, who negated her claim.
Chicago police say Cho was driving 18-year-old Damarion Johnson last Thursday night when they both were fatally shot.
Chicago police say the men, ages 41, 48, and 52, were in an abandoned lot when they were approached by an unknown man who pulled out a gun and shot at them.
Monday marks one year since Illinois enacted Karina's Law — legislation aimed at taking firearms out of the hands of people accused of domestic abuse.
Tenants at a South Shore apartment building said they've noticed their rent fluctuating by hundreds of dollars a month due to a change in how their utility billing system is set up.
A man from the Chicago suburbs lost $69,000 of his savings to a scam by a thief using an AI-generated U.S. Marshals badge to intimidate him.
Illinois lawmakers are trying to decide what should happen when artificial intelligence leads to serious destruction or even death, and two of the most influential AI companies in the world are backing opposing state bills trying to answer that question.
Rideshare drivers say it's getting difficult to continue working as gas prices surpass $6 in the city.
It's on to the Grand Rapids Griffins, a team Wolves' head coach Spiros Anastas used to work for.
It's been quite a week for Bryson Graham—being hired as the new executive VP of basketball operations on Monday, to landing the No. 4 overall pick in the draft.
Jacob deGrom tied his season high with 10 strikeouts while earning the 1,900th of his career, Evan Carter hit a two-run homer in the eighth inning and the Texas Rangers beat the Chicago Cubs 3-0 on Sunday.
White Sox starting pitcher Davis Martin allowed one run on three hits in six innings.
The Fire (5-4-2) avoided a shutout when Hugo Cuypers scored in the 87th minute to extend his goal-scoring streak to nine matches.
One person was killed and two others were seriously wounded in a shooting late Friday morning in the Greater Grand Crossing neighborhood on the South Side of Chicago.
Police across Chicago and the northern suburbs were investigating a string of overnight smash-and-grab burglaries targeting businesses.
A teenager has been charged with shooting and killing his father inside their home in southwest suburban Oak Lawn following an argument on Monday.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
A man was killed on Tuesday night in a shooting less than a block from an elementary school in the West Englewood neighborhood.
