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.
The Northlake Police Department issued a warning about a new scam at gas stations that is low tech, but effective.
Illinois lawmakers passed a bill giving rideshare drivers the ability to unionize in the final hours of the spring session.
A car crashed into a home in unincorporated Cary, Illinois, while three people were inside Monday evening, fire officials said.
A 32-year-old woman from Aurora, Illinois, with a severe medical condition has been missing for three days and her family is desperate to find her.
The sudden and unexpected death of Spencer Leak Jr., vice president of Leak & Sons Funeral Home, has many in the Chicago community in mourning, but none as much as his own family.
Illinois lawmakers passed a bill giving rideshare drivers the ability to unionize in the final hours of the spring session.
The Justice Department said it will stop work on the $1.8 billion "anti-weaponization" fund following a district judge's decision temporarily blocking the program.
Illinois could soon reform the state's regulations on delinquent property tax sales after the House approved a bill 80-35 along party lines Saturday evening that lets homeowners keep their equity.
The liberal-controlled Wisconsin Supreme Court said it will hear an appeal seeking to redraw the state's Republican-friendly congressional map, a move that could open a path for Democrats to gain seats in 2028.
The Illinois General Assembly approved Gov. JB Pritzker's nearly $56 billion budget for 2026 early Monday morning. It's the largest budget in state history.
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.
As thousands of Chicagoans wrap up road trips over the Memorial Day holiday weekend, gas prices in the city have reached the highest levels seen in four years.
Consumer and environmental advocates said Monday that they found overcharges buried in the most recent rate-hike request by Nicor.
One week away from Memorial Day weekend and the unofficial start of the summer travel season, with gas prices remaining high, negotiations were set to resume Monday at the largest oil refinery in the Midwest.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
June is World Infertility Awareness Month, and Northwestern Medicine on Monday shared the story of a woman who is celebrating the birth of her second child after a tumor disrupted her fertility.
The Centennial Park Aquatic Center in the southwest Chicago suburb of Orland Park has been closed to the public after two recent cases of E. coli infection.
Menopause can feel like a major turning point for millions of women, with symptoms like fatigue, weight gain, and brain fog can make women feel like their bodies aren't their own.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
A person suspected of having hantavirus in Winnebago County, Illinois, turned out to be a false alarm, officials said Monday.
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.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
The Chicago Fire FC announced Wednesday morning that its new stadium in the South Loop will be named McDonald's Park.
Joe Negri, known to many as Handyman Negri on "Mr. Rogers' Neighborhood," has died at the age of 99, just days shy of his 100th birthday.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Former CBS Chicago anchorman Bill Kurtis has signed off from his role as the judge and scorekeeper on the NPR weekly news quiz show "Wait Wait… Don't Tell Me!"
Pop star Britney Spears said she was "totally fine" to drive and had not had a drink for about six hours when she was pulled over by the California Highway Patrol.
A new drug to treat pancreatic cancer, one of the deadliest cancers, could change the lives of patients and families. Dr. Audrey Kam of Rush University Medical Center explains this new medication and what to expect.
The man charge with murder in Loyola University student Sheridan Gorman's death was in court Monday for a status hearing. Gorman's family attended.
The sudden and unexpected death of Spencer Leak Jr., vice president of Leak & Sons Funeral Home, has many in the Chicago community in mourning, but none as much as his own family.
Clear and cool Wednesday night. Lows in the mid-50s.
Legislation protecting Illinois customers receiving professional massages from sexual assaults and harassment is now on its way to Gov. JB Pritzker for his signature.
The sudden and unexpected death of Spencer Leak Jr. has shaken his family and the communities he served.
The Illinois Senate passed a bill geared toward keeping the Bears in-state, but the Illinois House adjourned without voting on the measure.
A 32-year-old woman from Aurora, Illinois, with a severe medical condition has been missing for three days and her family is desperate to find her.
Feel Free, a kratom drink, is easy to buy and increasingly popular, even as doctors and medical experts grow more concerned about its health impacts, addiction rates and deaths.
The Northlake Police Department issued a warning about a new scam at gas stations that is low tech, but effective.
Legislation protecting Illinois customers receiving professional massages from sexual assaults and harassment is now on its way to Gov. JB Pritzker for his signature.
Could banning cell phones make Illinois classrooms better places to learn? State lawmakers are betting on it, sending a bill to Gov. JB Pritzker's desk to do exactly that.
Feel Free, a kratom drink, is easy to buy and increasingly popular, even as doctors and medical experts grow more concerned about its health impacts, addiction rates and deaths.
A long stay in the neonatal intensive care unit can be one of the most difficult journeys a parent can face, but starting next week, Illinois becomes only the second state in the nation to offer NICU-specific leave for moms and dads.
Chicago has the largest air quality monitoring network in the country thanks to a partnership between the city, the University of Illinois Chicago, and local community groups.
A last-minute push in the Illinois Senate passed to keep the Chicago Bears stadium in the state failed, at least for the moment, when the House adjourned without a vote. So what's next?
Matthew Liberatore took a shutout into the sixth inning and Masyn Winn hit a two-run single as the St. Louis Cardinals beat the Chicago Cubs on Sunday night.
Colson Montgomery homered and Tristan Peters' RBI single put Chicago ahead as the White Sox rallied with two runs in the seventh inning to beat the slumping Detroit Tigers 2-1 on Sunday for their fifth straight win.
Dennis Hull, a hockey pro who spent 13 seasons with the Chicago Blackhawks, died late last week.
The Cubs finished with 12 hits while winning for the third time in four games.
Police on Monday were seeking help from the public in finding two suspects in a robbery on a CTA Red Line platform along the Dan Ryan Expressway last week.
A man was killed in an Oak Park police shooting after officers pulled over an SUV and struggled with the driver over a gun.
The man charged with the murder of a Loyola University freshman was back in court Monday for a status hearing.
A Walgreens drugstore was robbed at gunpoint in Chicago's Logan Square community early Monday morning.
A man and woman were shot and killed early Monday morning in the west Chicago suburb of Bellwood.
