Tariffs will drive up U.S. prices even with Trump trade deals, experts say
With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.
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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.
President Trump is preparing to send letters to dozens of countries regarding the latest tariffs on imported goods to the U.S.
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.
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.
The 50% steel and aluminum tariffs could lead to higher prices on everything from cars to home and office supplies.
Authorities are searching for 25-year-old Rajena Linson, who has been wanted since 2022 in connection with an alleged attack that left a woman critically injured.
Since January, the Coast Guard says command center watchstanders in the Great Lakes District have received 187 false distress calls.
Michigan's air quality remains hazardous throughout Friday morning and afternoon, but some relief is on the horizon for the nighttime.
A Detroit man is charged in connection with a fatal shooting at a motorcycle club in March, prosecutors said.
On July 14, a jury convicted 21-year-old Kayvon Briscoe Hall of second-degree murder and felony firearm in the death of his partner.
Michigan's air quality remains hazardous throughout Friday morning and afternoon, but some relief is on the horizon for the nighttime.
The last 20 years have seen a steady number of wildfire occurrences in the U.S. and an increase in Canada.
A lettuce supplier to fast-food giant Taco Bell is being investigated as a possible source for a nationwide cyclosporiasis outbreak that has sickened thousands of people.
Authorities are searching for 25-year-old Rajena Linson, who has been wanted since 2022 in connection with an alleged attack that left a woman critically injured.
Since January, the Coast Guard says command center watchstanders in the Great Lakes District have received 187 false distress calls.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
The few who aren't open for business on Thursday say it's out of concern for their employees' health and to protect their art.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
The Hitsville USA campus is undergoing a $75 million donor-funded expansion that includes a theater, recording studio, and immersive exhibits, with a grand reopening planned for 2027.
A lettuce supplier to fast-food giant Taco Bell is being investigated as a possible source for a nationwide cyclosporiasis outbreak that has sickened thousands of people.
The State Department is cracking down on universities accepting funding from foreign entities on U S. government watch lists.
Adjusting to permanent daylight saving time would cause significant disruptions to schedules and operations, an airline trade group said.
One climatologist said "a perfect storm" of climate extremes primed the western U.S. for one of its worst fire seasons in a decade. Meanwhile, Canadian wildfire smoke fills the air.
The recall includes cases of Pillsbury "Hard Roll Dough" and "Kaiser Roll Dough" bread rolls, which are marketed to businesses.
A lettuce supplier to fast-food giant Taco Bell is being investigated as a possible source for a nationwide cyclosporiasis outbreak that has sickened thousands of people.
Michigan health officials say the state's cyclosporiasis outbreak numbers jumped by more than 500 reports in the past 24 hours.
The current air quality in Michigan has doctors, especially cardiologists, concerned for their patients.
Smoke from multiple wildfires in Canada and Minnesota is moving over Michigan, eroding the air quality in the state.
Michigan health officials say the state's cyclosporiasis outbreak has now grown to more than 3,700 cases.
The groundbreaking comes just days after the club announced the largest single investment in club history.
Embattled Michigan athletic director Warde Manuel has addressed the latest round of reports about his potential exit from the university, saying he has been fired by social media three times in 10 years.
An amended complaint by former University of Michigan football coach Chris Partridge alleges that school leaders concealed their knowledge of the sign-stealing scheme that was under investigation by the NCAA.
Sophie Shaft is a rising star with USA weightlifting, and she's got the hardware to show for it.
J.T. Realmuto hit a three-run double in the sixth inning and Zack Wheeler struck out 10 in six scoreless innings, helping the Philadelphia Phillies beat the Detroit Tigers 5-0 on Sunday to win their three-game series before the All-Star break.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Smoke remains dense through the day Friday before improving late in the evening as shower chances return.
During his address to the nation on Thursday, President Trump discussed an alleged voter fraud case in Muskegon, Michigan, in 2020.
The U.S. Coast Guard says it's taken nearly 200 false distress calls on the Great Lakes, and is now warning of the potential consequences of such hoaxes.
A lettuce supplier to fast-food giant Taco Bell is being investigated as a possible source for a nationwide cyclosporiasis outbreak that has sickened thousands of people.
Detroit police are asking for the public’s help in locating a fugitive, whom they say should be considered armed and dangerous.