Trump threatens to hit Apple with 25% tariff on iPhone sales
President Trump said he would impose steep tariff on Apple unless company starts manufacturing some iPhones in the U.S.
Watch CBS News
President Trump said he would impose steep tariff on Apple unless company starts manufacturing some iPhones in the U.S.
Walmart said it would eliminate members of its global tech workforce in a memo sent to employees on Wednesday.
Experts predict retailers will take advantage of lower tariffs rules, which means U.S. ports could see a surge in commercial business by mid-summer.
Home Depot is eschewing price hikes related to tariffs as President Trump warns companies against raising consumer prices.
Walmart this week warned that everything from bananas to children's car seats could increase in price despite the softer tariffs on China.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
President Trump said his administration "will be sending letters out" in two to three weeks to alert other nations of the tariff rates the U.S. will impose.
The world's largest retailer said wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.
The US and China issued a joint statement overnight agreeing to a temporary but significant easing of tariffs. CBS News relates that story along with other national headlines.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
Detroit automakers say the Trump administration's new trade deal prioritizes Britain instead of the American auto industry.
President Trump opened the door to lowering tariffs on China as U.S. and Chinese officials prepare to meet this weekend.
Parenthood is becoming a lot more expensive with President Trump's tariffs on China and other countries.
Keen could be following other companies in sticking customers with higher prices as tariffs hit. Here's why it's not.
President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.
Japanese automaker underscores impact of Trump's tariffs on imported vehicles by outlining hefty hit to profits.
Ford Motor cites higher U.S. tariffs as one reason why the automaker is raising prices for three of its cars.
President Trump is not giving up on his idea of acquiring Canada. "Never say never," he said Tuesday.
Flower prices could be higher this year due to tariffs enacted by President Trump.
A sharp drop in Chinese imports could lead to shortages of the following U.S. consumer products, one analysis shows.
President Trump on Sunday announced movies as his latest target for tariffs because the U.S. movie industry "is DYING a very fast death."
A Detroit man is accused of abandoning his two dogs and allowing one to freeze to death, Wayne County prosecutors said.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Stocks are falling sharply on Wall Street on Thursday as oil prices rise further because of the war with Iran.
The Gordie Howe International Bridge between Detroit and Windsor has moved into the "testing and commissioning" stage.
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
A fatal traffic accident on southbound Interstate 275 early Thursday snarled traffic in the Novi and Livonia areas.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
The Gordie Howe International Bridge between Detroit and Windsor has moved into the "testing and commissioning" stage.
A man has died as a result of injuries sustained when he became stuck in a car hauler along Gratiot Avenue in Eastpointe.
A Detroit woman was charged in connection with the fatal shooting of her 6-year-old daughter in a shopping center parking lot.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Stocks are falling sharply on Wall Street on Thursday as oil prices rise further because of the war with Iran.
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
The House resolution to rein in Trump's war powers in Iran is expected to fail, after the Senate resolution was voted down Wednesday.
Officials and activists from across Southeast Michigan were in downtown Detroit on Wednesday, condemning the air strike on Iran.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Detroit Mayor Mary Sheffield on Monday appointed former Dearborn Public Health Officer Ali Abazeed as Detroit's new chief public health officer.
A woman who worked for former University of Michigan head football coach Sherrone Moore is no longer employed by the school.
NBA Hall of Famer Chauncey Billups and former player Damon Jones are among 31 people charged in the federal case. They have pleaded not guilty.
Holtz coached Notre Dame from 1986 to 1996, winning 100 games with the school, including a 12-0 national title-winning season in 1988.
Jaylon Tyson scored 22 points, James Harden added 18 and the Cleveland Cavaliers avenged a recent loss in Detroit by beating the East-leading Pistons 113-109 despite playing without injured star Donovan Mitchell.
This past weekend was filled with the NCAA indoor track championships, including the Ivy League Championships held at the Nike Track at the Armory in New York City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
Rainy conditions today. NEXT Weather Meteorologist Karen Carter tells us when we can expect thunderstorms and warmer temps.
A man has died as a result of injuries sustained when he became stuck in a car hauler in Eastpointe, Michigan.
Oakland University police say a second suspect has been arrested in connection with an on-campus stabbing.
A fatal crash on southbound Interstate 275 early Thursday snarled traffic in Metro Detroit as motorists tried to find alternate routes or got stuck in the backups.
A woman who worked for former University of Michigan head football coach Sherrone Moore is no longer employed by the school.