President Trump imposes sweeping new tariffs
In response to the tariffs President Trump announced on his so-called “Liberation Day,” stocks plunged after hours. Erica Brown has new reaction at the White House.
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In response to the tariffs President Trump announced on his so-called “Liberation Day,” stocks plunged after hours. Erica Brown has new reaction at the White House.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
Reciprocal tariffs — a tax or trade restriction that one country places on another in response to similar actions taken by that country — were the main headline. Political Reporter Chris Tye breaks it down.
President Trump is set to unveil his new tariffs plan on Wednesday, targeting a broad range of countries that tax U.S. goods, to be imposed immediately upon his announcement at the White House.
President Trump has called Wednesday "Liberation Day," when he plans to impose tariffs on a wide number of products being imported into America. The president said the tariffs will raise revenue and incentivize companies to build in the U.S., but critics worry the tariffs will hurt Americans.
Stocks tumbled and Wall Street braced for President Donald Trump to announce a fresh round of tariffs on April 2, which he has labeled "Liberation Day," and which are expected to cripple economic growth and reignite inflation.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
The president is set to announce the reciprocal tariffs during a rose garden event on Wednesday and that's just one part of new trade policies taking effect this week.
CBS’s Natalie Brand reports it comes as a new CBS news poll shows more than half of Americans believe the president is not focusing enough on lowering prices.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
The average price of a new car in U.S. was about $49,000 as of Thursday, but the new tariffs are expected to drive that price up.
With a 25% tariff on vehicles and auto parts imported into the U.S. going into effect next week, it could soon cost you more not just to buy a car, but to get one fixed. Chicago area car dealerships will have to adjust, and so will auto body shops.
President Donald Trump announced 25% tariffs on foreign-made cars starting on April 2.
The tariff will take effect April 2, and expects say it will jack up new car prices between $3,000 and $12,000.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The president is threatening a 200% retaliatory tariff on alcohol from Europe. If the EU doesn't remove the one on American whiskey, wine sellers are finding it hard to swallow.
CBS News Chicago checked in with Momentum Coffee owner Nikki Bravo on Wednesday to see how she was doing with the uncertainty in the market.
CBS News Chicago checked in with Momentum Coffee owner Nikki Bravo on Wednesday to see how she was doing with the uncertainty in the market.
This threat was a response to the EU's 50% tariffs on American whiskey, which are set to go into effect next month.
The tariff tit-for-tat now setting the stage for what some local Chicago businesses say could be a disaster. In short, it means your favorite Italian wine or French bubbly may soon become a luxury item, as Andrew Ramos reports.
President Trump is threatening to ramp up the escalating trade war in response to Canada and the European Union announcing countermeasures to U.S. tariffs on all steel and aluminum imports.
Billions of dollars’ worth of American-made goods are now being targeted for increased tariffs, in retaliation for new taxes President Trump instituted on foreign-made steel and aluminum.
The European Union announced retaliatory tariffs on Wednesday, following new U.S. tariffs that took effect overnight on imported steel and aluminum. The escalating trade war comes as the Trump administration shares its plans to cut the U.S. Department of Education by nearly half.
Also, the U.S. has resumed intelligence sharing and military aid to Ukraine.
The win extended Chicago's unbeaten streak against Canadian opponents to six matches dating to 2024.
Chicago police said two men were arguing when one of them pulled out a sharp object and stabbed the victim in the arm and side.
Connor Bedard scored for Chicago, which has lost eight of nine and continues to struggle to score.
Police said three men were shot, one killed, in the basement of a Northwest Side home Saturday afternoon.
Elk Grove Village police said on Feb. 25, a woman was found by a refuse dumpster and was pronounced dead at the scene.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
President Trump says his objective in attacking Iran "is to defend the American people by eliminating imminent threats" from the regime in Tehran. Read his full statement and watch the video here.
President Trump said that "heavy and pinpoint bombing" of Iran would "continue, uninterrupted throughout the week or, as long as necessary."
Palatine, Illinois-based Weber has issued a recall of more than 3.2 million metal wire bristle grill brushes because you could ingest the bristles.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Not one, but two hotels are now planned or proposed for Chicago's Northalsted LGBTQ+ nightlife district.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
Barnes & Noble was set to reopen in Skokie on Wednesday, just weeks after it closed.
Trader Joe's is opening a new location in Chicago's Logan Square neighborhood.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Chicago police said two men were arguing when one of them pulled out a sharp object and stabbed the victim in the arm and side.
Police said the suspect, between 14 to 16 years of age, shot an innocent bystander in the Loop on the evening of on Feb. 16.
The reorganization plan is said to preserve 250 jobs while prioritizing paying accrued purses to the Illinois Horsemen's Association, including thoroughbred owners and trainers, as well as payroll for track employees.
World leaders are reacting to the strike on Iran carried out by the U.S. and Israel.
University of Chicago professor of political science Paul Poast joins CBS News Chicago.
The U.S. and Israel attacked Iran, which responded with retaliatory strikes on U.S. bases in the region.
Illinois and Chicago communities are reacting after the United States and Israel announced a major military operation against Iran early Saturday.
Chicago police said two men were arguing when one of them pulled out a sharp object and stabbed the victim in the arm and side.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
Police said three men were shot, one killed, in the basement of a Northwest Side home Saturday afternoon.
If you feel like you're drowning in a sea of text alerts and desperate email pleas for "just $5" this election season, you are far from alone.
A north suburban school bus driver became a victim of sophisticated scammers who are targeting more people and more vulnerable populations to make more money.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
The mother of an 8-year-old boy who was allegedly put in a chokehold and dragged by the neck by a Chicago Public Schools employee hopes her lawsuit and choice to speak out will help protect students in the future.
A jury on Wednesday awarded $5.74 million in damages to a Chicago family who accused police of violating their civil rights in a botched raid of their home in 2018.
The win extended Chicago's unbeaten streak against Canadian opponents to six matches dating to 2024.
Connor Bedard scored for Chicago, which has lost eight of nine and continues to struggle to score.
Morez Johnson Jr. had 19 points and 11 rebounds against his former team as No. 3 Michigan defeated No. 10 Illinois 84-70 and clinched Big Ten regular-season title.
It's already been a historic season for the University of Chicago men's basketball team, and they still have one big goal out in front of them.
Ryan O'Reilly scored with 3:16 remaining and the Nashville Predators scored three times in the third period in a 4-2 win over the Chicago Blackhawks in the teams' first game following the Olympic break.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A man has been charged with shooting and killing a father and son following a jewelry store robbery last November in the Little Village neighborhood of Chicago.
Two men are charged with filing a false police report, claiming they were robbed of millions of dollars worth of jewelry.
Chicago police issued an alert Thursday about a rash of criminal sexual assaults that have happened on one block on Chicago's West Side, committed by a man who lures his victims by setting up dates through an escort app.
Chicago police issued a community alert Thursday about a string of smash-and-grab burglaries targeting businesses on the city's North and Northwest sides.
