Trump pausing 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
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President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
President Trump has delayed a new round of tariffs on Canadian imports that was to take effect on Wednesday. Should they take effect, the auto industry is among those expected to be affected. CBS Detroit has this report.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
The U.S. and Canada are seeking an agreement to avoid a new round of tariffs, which are set to take effect this week.
Last-minute talks were continuing between the U.S. and Canada in an effort to head off President Trump's plan to impose 50% tariffs on $20 billion worth of Canadian goods.
Companies receiving billions in refunds for U.S. tariffs struck down by the Supreme Court should return money to consumers, Sen. Elizabeth Warren said.
New U.S. tariffs are hurting consumers and businesses, California's attorney general said in filing suit to block levies on 60 countries.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
Millions of Canadians shunned travel to the U.S. in 2025, opting to vacation at home or travel to other countries.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
Toyota is shifting most production of its midsize Tacoma pickup truck from Mexico to the U.S. as part of a $3.6 billion investment in its Texas plant.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Detroit automaker expects big financial boost from refund of tariffs struck down earlier this year by the Supreme Court.
Experts said it's unlikely consumers will see a drop in prices moving forward.
A Michigan auto parts company that is eligible to request refunds for tariffs deemed illegal is taking on the White House in a lawsuit, challenging an executive order that suspends duty-free shipping.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
A federal agency on April 20 opened a portal that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
On Thursday, Gov. Gretchen Whitmer signed an executive directive to help businesses receive refunds on tariffs, with the state working to assess the impact of tariffs.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
Companies in the U.S. that paid tariffs invalidated by the Supreme Court in February are legally entitled to refunds, a federal judge at the U.S. Court of International Trade ruled on Wednesday.
FedEx said it will reimburse customers if the Trump administration provides refunds following a Supreme Court ruling that struck down emergency tariffs.
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
