Trump pauses most of his tariffs for 90 days
Less than 24 hours after his tariffs kicked in, President Trump placed a 90-day pause on nearly all tariffs. The move sent stocks soaring, with the Dow skyrocketing more than 2900 points.
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Less than 24 hours after his tariffs kicked in, President Trump placed a 90-day pause on nearly all tariffs. The move sent stocks soaring, with the Dow skyrocketing more than 2900 points.
President Trump’s latest move prompted yet another historic day on Wall Street. Erica Brown reports.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
Illinois is one of the largest exporting states in the U.S. doing business with China, and tariffs could have deep and wide-ranging effects on Illinois industry.
Illinois is the second largest importer of Chinese goods in the country, and if the trade war lingers and tariffs soar as advertised, the cost of things — and thousands of jobs — are on the line. Political Reporter Chris Tye reports.
Illinois is one of the largest exporting states in the U.S. doing business with China, and tariffs could have deep and wide-ranging effects on Illinois industry.
Illinois leaders want farmers and agricultural workers to know they have their backs when it comes to selling their good around the world, even amid President Donald Trump's escalating trade war.
Illinois leaders want farmers and agricultural workers to know they have their backs when it comes to selling their good around the world, even amid President Donald Trump's escalating trade war.
At a time when foreign leaders and business executives are desperate for clarity, the White House is sending mixed messages as it pursues conflicting goals.
Undeterred by a panicked stock market, President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war.
President Trump and Israeli Prime Minister Benjamin Netanyahu met two days before new U.S. tariffs go into effect.
As the stock market continues to plunge following President Trump's newest announced tariffs, many Americans are seeing their retirement savings, particularly in 401(k) plans, take a hit.
Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.
Countries targeted by President Trump for higher so-called reciprocal tariffs are due to go into effect on Wednesday.
The sweeping tariffs on goods from countries around the world set off the worst two-day Wall Street sell-off in five years.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
President Trump is playing golf and getting ready for a new week after a busy one that brought new global tariffs and a fierce stock market reaction.
Stocks suffered their worst crisis since COVID in March 2020, as the Dow Jones plunged more than 2,200 points on Friday, over concerns about the fallout from President Trump’s tariffs. The NASDAQ and S&P lost nearly 6 percent. Posting on social media as he went golfing, the president called this “a great time to get rich.” But in a rare move, President Trump is calling on the Federal Reserve to cut interest rates. Fed chairman Jerome Powell warned on Friday that tariffs could do long-term harm to the economy.
As Jarred Hill reports, the White House continues to promise the long-term gain will be worth it.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
It is not yet known how much more consumers will pay for nearly everything they buy.
It is not yet known how much more consumers will pay for nearly everything they buy. Jermont Terry reports from Abt Electronics in Glenview, where consumers are left what the tariffs will mean for their purchases in the future.
Krishnamoorthi said the tariffs amount to a tax on working families. He talked with Marie Saavedra on Thursday.
Madeline Morgan said she was repeatedly stalked and abused, even though the man responsible was forced to wear an electronic monitoring bracelet, which was cut off.
The river is expected to crest on Wednesday, but homeowners are already dealing with some issues.
Dansby Swanson hit a three-run homer for Chicago, and Michael Conforto added a sacrifice fly.
Police did not say why the man fired the shots.
Police did not say what led to the incident or provide the victim's condition.
President Donald Trump's influence on the Republican Party is facing a test in Indiana's upcoming primary.
FBI Director Kash Patel filed a defamation lawsuit against The Atlantic, saying a recent story about his alleged frequent drinking and absences included "false and obviously fabricated" claims.
Chicago's faith community stood up for Pope Leo XIV over the weekend, as the pope pushed back on claims that he is clashing with President Trump.
Former Illinois House Majority Leader Barbara Flynn Currie, who served 40 years in the General Assembly, died Thursday at 85.
President Trump spoke with CBS News Friday in a new telephone interview.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
It has been several weeks since West Suburban Medical Center in Oak Park, Illinois, abruptly shut down — and then on Wednesday, it just as swiftly partially reopened, with some services available.
The Centers for Disease Control and Prevention says more than 80% of deaths related to pregnancy are preventable, and Black women are three times more likely to die from pregnancy-related causes than white women.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
The satirical news outlet The Onion has a new plan to take over conspiracy theorist Alex Jones' Infowars platforms and turn them into parodies.
Whole Foods will soon be moving into a vacant space in a relatively new commercial building in Chicago's Lakeview community, a local chamber of commerce group said.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The satirical news outlet The Onion has a new plan to take over conspiracy theorist Alex Jones' Infowars platforms and turn them into parodies.
Emily Saliers, one-half of the Atlanta folk duo The Indigo Girls, has revealed that she has been diagnosed with two incurable movement disorders that will forever change the way that she sings.
Blues icon and world music pioneer Taj Mahal will be headlining the Chicago Blues Festival this June.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
California’s Attorney General said consumers likely paid more at other retailers because Amazon forced them to raise prices.
The teens saw the eye-catching vehicle parked in a grocery store parking lot a few days before the dance, asked the drivers for a lift, and they said yes.
Storms are not currently expected to be severe, but small hail and flooding are possible southeast of Chicago. Chief Meteorologist Albert Ramon is tracking the latest.
Community leaders in Little Village said they were surprised to see the parade canceled this year, as ICE activity has not been as intense.
Chicago police released photos of the two males and seven females in the alleged attack on April 14 around 10:30 p.m.
Madeline Morgan said she was repeatedly stalked and abused, even though the man responsible was forced to wear an electronic monitoring bracelet, which was cut off.
The river is expected to crest on Wednesday, but homeowners are already dealing with some issues.
A former teacher from Plainfield School District 202 was in court Monday on charges of grooming, soliciting a minor and aggravated battery.
For the second year in a row, organizers have cancelled the Cinco de Mayo parade in the Little Village neighborhood, over concerns about federal immigration enforcement efforts.
Police did not say why the man fired the shots.
Chicago deals with the worst traffic congestion in the U.S., according to the 2025 Global Traffic Scorecard from INRIX, a transportation analytics company.
A specially designed playground in the West Pullman neighborhood is making a difference, addressing flooding and the impact of climate change across Chicago.
A tree planting initiative has kicked off in Chatham, among the Chicago neighborhoods most plagued by flooding, to help with the persistent problem.
Chicago residents, businesses, and city employees altogether owe the city more than $8.1 billion in overdue debt, some of it dating back to the 1990s, according to a report from the city's inspector general.
Some parents in southwest suburban Oswego are fired up, saying the school district invited all non-white students to participate in summer remedial programming, regardless of how they're doing in school.
Dansby Swanson hit a three-run homer for Chicago, and Michael Conforto added a sacrifice fly.
The Bears currently hold seven draft picks, starting with the 25th overall in the first round, their lowest selection in well over a decade.
Murakami has more home runs than any Japanese-born player through his first 22 games.
Chicago had at least one baserunner in each of the first seven innings.
Megan Coronado is helping ignite the Flames in her first season as head coach at UIC.
D4vd, whose real name is David Burke, is charged with first-degree murder with special circumstances, lewd and lascivious acts with an individual under 14 and mutilating a body.
Burglars targeted a sports card and comic store in a smash-and-grab in Chicago's Dunning neighborhood early Monday morning.
A former teacher from Plainfield School District 202 was in court Monday on charges of grooming, soliciting a minor and aggravated battery.
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
The gunman, who is also dead, shot 10 people in total, according to police. All eight who died were children from 3 to 11 years old, police said.
