Trade deal reached between U.S and European Union, Trump says
President Trump announced Sunday that the United States and the European Union had reached a trade deal after meetings in Scotland. CBS News’ Weijia Jiang explains.
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President Trump announced Sunday that the United States and the European Union had reached a trade deal after meetings in Scotland. CBS News’ Weijia Jiang explains.
With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.
President Trump said he's considering using money generated by U.S. tariffs to offer a "little rebate" to Americans.
That's down from the 25% levies he proposed earlier this month. Japan's prime minister says duties on autos from his nation will be cut to 15% from 25%.
Detroit Axle cites disruptions in its supply chain resulting from changes in U.S. import tariff policy when announcing the warehouse closure.
Stellantis is warning of nearly $3 billion in losses for the first half of 2025, due to tariffs and other reasons.
Americans are starting back-to-school shopping earlier this year out of concern over tariffs, according to a new study.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Fresh tomatoes from Mexico — which supplies about 70% of the U.S. tomato market — will face a 17.09% duty.
The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels
President Trump announced on social media that he is levying 30% tariffs against Mexico and the European Union. They are set to begin on Aug. 1.
Canada — one of the U.S.'s largest trading partners — will face 35% tariffs, President Trump said Thursday.
President Trump is threatening to make U.S. businesses pay a 50% tariff on certain import goods. Items imported from several other countries may also face a 20% to 30% tariff rate hike.
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
The Trump administration is expected to send dozens of letters to countries that have not made a trade deal, warning them that higher tariffs could kick in next month.
President Trump is preparing to send letters to dozens of countries regarding the latest tariffs on imported goods to the U.S.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
The U.S. trade war with China has sharply curbed fireworks imports. "The timing of the tariffs couldn't have hit at a worse time," one industry rep says.
Canadian Prime Minister Carney says U.S.-Canada trade talks are resuming Canada rescinded its plan to tax U.S. technology firms, a plan President Trump blasted.
President Trump said he'll let Canada know what their tariff rate on exports to the U.S. will be soon.
As part of the bankruptcy proceedings, 26 At Home stores across the United States will close.
U.S. and Chinese trade teams appeared to make modest progress a month before paused monster tariffs are due to resume, but Trump says a deal "is done."
Employers across the U.S. added 139,000 jobs in May while the nation's unemployment rate remained at 4.2%, new data shows.
A winter weather advisory has been issued for all of Southeast Michigan on Dec. 26.
"Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria," President Trump said.
A man was struck by an oncoming car as he walked across M-50 in Monroe County, Dundee police say.
Three people were injured – one critically – in the aftermath of a two-vehicle crash Thursday in Oakland County.
A dog that was living for over a year with Friends of Michigan Animals Rescue was reunited with his former family.
A winter weather advisory has been issued for all of Southeast Michigan on Dec. 26.
A dog that was living for over a year with Friends of Michigan Animals Rescue was reunited with his former family.
A Powerball lottery player in Southeast Michigan is $1 million richer from a runner-up prize in Wednesday's drawing.
Three people were injured – one critically – in the aftermath of a two-vehicle crash Thursday in Oakland County.
"Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria," President Trump said.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
A 15-gallon tank of gas will cost Michiganders about $42, which is around $15 less than the highest price drivers paid in July 2024.
Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat ever-evolving techniques car thieves have at their disposal.
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
The "Taylor Swift" bill package, which includes House Bills 4262 and 4263, authorizes the Michigan attorney general to pursue action against anyone using ticket bots.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
A single winning ticket was sold for Powerball's Christmas Eve jackpot of $1.817 billion, in Arkansas. It was the second-largest U.S. lottery jackpot ever won.
Traffic safety regulators are reviewing a motorist's complaints that the manual door handles on some Model 3 cars are hard to find, a potential hazard in a crash.
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
NORAD, the North American Aerospace Defense Command, tracks Santa's Christmas Eve flight around the world each year.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Henry Ford Health has announced new labor agreements with registered nurses and radiology technicians at its Rochester hospital.
A Michigan hospital is asking members of the public to raise their flashlights as well as the spirits of children during the holiday season.
Oakland County health officials are reporting a confirmed case of measles in a pediatric patient at DMC Huron Valley-Sinai Hospital.
The Minnesota Vikings host the Detroit Lions in Week 17 of the 2025 NFL season on Christmas Day.
The Detroit Lions and Minnesota Vikings have gone from 29 combined wins last season to just 15 this season entering their Week 17 matchup on Christmas Day.
Dylan Larkin scored the tying goal late in the third period and then got the winner 34 seconds into overtime to rally Detroit Red Wings to a 4-3 victory over the Dallas Stars for their third straight win.
The Detroit Lions are sending five players to the 2026 Pro Bowl Games.
The Detroit Lions were not expected to match the success they had last year when they won a franchise-record 15 games to earn the NFC's No. 1 seed in the playoffs and claimed consecutive division championships for the first time since they were an NFL powerhouse in the early 1950s.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
The state of Michigan can do better when it comes to raising the bar on K-12 public education.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
A winter weather advisory that includes all of southeast Michigan starts at 5 a.m. Friday. The problem will be freezing rain.
The Powerball jackpot for Wednesday's drawing - one of the largest lottery prizes in U.S. history - has gone to one lucky winner.
Several of the volunteers who helped make holiday meal packing, preparing and delivering happen to Metro Detroit seniors shared their stories and reasons of why they spent Christmas morning volunteering for the cause.
A dog that was living for over a year in a shelter with Friends of Michigan Animals Rescue was reunited with his former family. Ziggy was known as Toby when a Metro Detroit family raised him, a later owner surrendered him to shelter care.
The Consumer Products Safety Commission shared video scenes that show how much faster a dried-out Christmas tree will catch fire than one that is kept watered.