U.S., China reach 90 day deal to rollback tariffs
Its not clear what exactly happens after the 90 days are over but it's likely a more long term deal will be made now that there is a plan in place to continue discussions in resolving the trade war.
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Its not clear what exactly happens after the 90 days are over but it's likely a more long term deal will be made now that there is a plan in place to continue discussions in resolving the trade war.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
As a result of the current 145% tariffs, the flow of goods from China into the U.S. has slowed dramatically, and it could soon mean job cuts for dockworkers, product shortages, and tough choices for consumers.
The new trade agreement between the United States and the United Kingdom is the first since President Trump imposed sweeping tariffs on almost every nation in the world.
Two Trump administration officials will meet with their Chinese counterparts to discuss trade in the coming days, the administration said Tuesday.
Between graduations, weddings, and now Mother's Day, get ready to pay the price for flowers. Tariffs are impacting local flower prices.
President Trump on Sunday announced movies as his latest target for tariffs because the U.S. movie industry "is DYING a very fast death."
Despite the celebratory week, many business owners say the challenges keep piling up, including increasing costs to obtain more supplies and to keep certain goods and items in stock, which is hitting customers' pockets.
Employers across the U.S. added 177,000 jobs in April, a sign the labor market remains healthy despite concerns rising U.S. tariffs.
President Trump says steep tariffs on U.S. imports will lead to lower taxes for Americans. Is he right?
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
The U.S. Senate is expected to pass a resolution stripping President Trump of the power to set tariffs. Co-sponsor Sen. Rand Paul said enough Republicans will join Democrats to vote to pass the resolution.
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.
