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.
An Elgin tattoo artist draws inspiration from his Mexican background to create his unique designs.
The ticket also won an additional $4 for matching two of six numbers on two other lines of play.
Whether you have a balance on a credit card or are thinking about buying a car or a home, the increased interest rate by the Federal Reserve may impact your financial goals.
Time Out magazine released their list of the World's Coolest Neighborhoods, and one of Chicago's cracked the top 20.
A mother is crying for justice after her son was brutally beaten on the South Side of Chicago in broad daylight.
Reps. Zach Nunn and Mariannette Miller-Meeks reversed course on a House resolution to require congressional approval for continued military action against Iran, citing open-ended war concerns ahead of competitive midterm races.
A City Council committee on Wednesday backed Mayor Brandon Johnson's proposal to increase protections for Chicago renters, after he dropped a key provision opposed by landlords, but the mayor's critics plan to press on with a competing proposal.
Illinois' senior senator, the Judiciary Committee's top Democrat, opened Tuesday's oversight hearing by accusing the director of turning the bureau's powers against President Trump's political opponents.
Three Chicago City Council members announced they have negotiated a revised parking meter deal with New York-based Stonepeak Partners to the benefit of the city.
The Legislative Ethics Commission has appointed David Risley acting legislative inspector general effective the day following the Sept. 30 resignation of his predecessor.
Nicor customers will get a break on their bills this fall after Illinois Attorney General Kwame Roul reached an agreement with the utility to cut $140 million from its requested rate hike.
Drivers in Chicago and beyond were paying the highest gas prices ever recorded for the Labor Day holiday as millions of Americans were making their way home on Monday.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
Illinois Attorney General Kwame Raoul filed a lawsuit Thursday against ABC Plumbing, Heating, Cooling & Electric Inc., alleging deceptive business practices.
Cook County homeowners are again facing a sharper increase in property taxes this year than businesses, the Office of Cook County Treasurer Maria Pappas announced Monday.
A judge on Tuesday was expected to place two shuttered Chicago-area safety-net hospitals into receivership.
Cardinal Blase Cupich and a group of Catholic nuns have joined a federal lawsuit challenging Illinois' Medical Aid in Dying law, which is set to take effect in just over a week.
Flies have been everywhere this summer in the Chicago area, and some of them bite. But why is this happening?
Prime Healthcare is drawing criticism after announcing it will stop obstetrics services at three Chicago-area hospitals.
The Chicago Department of Public Health on Tuesday announced two human cases and one death from the West Nile virus in the city this year, and one of those two people has died.
The future of Rate Field was back in the spotlight on Wednesday.
Plans for a new Chicago White Sox stadium in the South Loop have residents near the existing ballpark in Bridgeport concerned, not just because the team might be leaving, but also what might be coming nearby.
A new report from the University of Illinois Chicago said federal immigration enforcement led to $1.26 billion in unspent money at retail establishments and restaurants in Cook County.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
A new Whole Foods Market is coming to Chicago's Old Town neighborhood.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
The stage was set and the air was humid as rapper Ye, formerly known as Kanye West, took the stage for the first of two Chicago concerts at Soldier Field Thursday night.
James Fulton Engstrom, now a healthy teenager, was born without a pulse in 2010 — and his survival is the miracle the Catholic Church credited to Fulton Sheen's intercession, clearing the way for beatification.
The Negaunee Foundation's donation will go toward the renovation of the historic Martin Theatre. The $38 million donation is the largest gift in Ravinia’s history.
Jose Manel Napoles is both a tattoo artist and a painter, but whether he's working on metal or skin a lot of his work has one thing in common: his Mexican heritage.
Several organizations, including A Better Chicago, are teaming up to help prevent students across the city from missing too much school.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
A measles outbreak in Pennsylvania shows no signs of slowing down. The state has reported its fourth measles-related death so far this year. Pennsylvania has seen nearly 700 measles cases so far this year, with 100 reported in the last week alone.
A mother is crying for justice after her son was brutally beaten on the South Side of Chicago in broad daylight.
Whether you have a balance on a credit card or are thinking about buying a car or a home, the increased interest rate by the Federal Reserve may impact your financial goals.
An Elgin tattoo artist draws inspiration from his Mexican background to create his unique designs.
Mayor Johnson dropped a key provision of his proposal to increase protections for Chicago renters, which cleared its first council committee Wednesday.
The ticket also won an additional $4 for matching two of six numbers on two other lines of play.
A Cicero woman is suing Uber and a driver after the driver allegedly sexually assaulted her. She and her boyfriend said Uber hired him despite the driver having a criminal background.
Both hospitals were supposed to be placed in receivership, but after five hours of closed-door negotiations on Tuesday, it is still unclear what the future holds for both hospitals.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Several lawsuits are challenging Illinois' medical aid in dying law that is set to take effect on Sept. 12, including one in federal court arguing the law discriminates against people with disabilities.
Petey Halpin hit a three-run home run in the sixth inning, Parker Messick struck out eight and the Cleveland Guardians moved into first place in the AL Central with a 6-3 victory over the Chicago White Sox.
Chicago Bears running back D'Andre Swift has been named the NFC Offensive Player of the Week after his performance in the team's record-breaking 59-37 win over the Carolina Panthers.
The Cubs (84-68) maintained a half-game lead over Philadelphia (83-68) for the top NL wild card.
The White Sox, who lost at least 100 games in each of the past three seasons, have held at least a share of first since July 4.
Indiana Fever guard Sophie Cunningham outlined the traits she wants in the WNBA's next commissioner — someone who values players, communicates openly, and can unite a diverse league.
Three girls have been charged with threatening a school in the west Chicago suburb of Addison, with two of them making a video depicting a shooting at the school, authorities announced Wednesday.
A Zion man has been charged in the shooting death of another man in July in north suburban Ingleside.
Chicago police on Wednesday were looking for a man who attacked and beat another man and ordered his dog to bite the victim in the Edgewater neighborhood.
Shots were fired during a fight early Wednesday morning on busy Lincoln Avenue in Chicago's Budlong Woods neighborhood.
A judge allowed a school bus aide charged in connection with a shooting on a bus in Chicago's Bridgeport neighborhood to be released with conditions.
