Trump delays China tariff hike for another 90 days
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
Watch CBS News
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
The company is now transformed into a modular home manufacturing company that builds entire apartments inside its building.
President Donald Trump has enacted a new wave of import tariffs on dozens of America's trading partners. Before today, virtually every country's goods were subject to a minimum 10% tariff. Now, the rates vary depending on the country of origin.
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
MIchigan Governor Gretchen Whitmer was in Washington, D.C., Tuesday to meet with President Trump. She said she spoke to the president about the toll that import tariffs are taking on the auto industry and the potential effects that other policies are having on the state.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
The Trump administration said new tariff rates on most U.S. trading partners will go into effect on Aug. 7. Experts believe the fees will also be felt at home. John Lawrence explains.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The Trump administration is poised to hit dozens of nations around the world with higher tariffs starting next week.
President Trump on Thursday formally announced higher tariffs against more than 60 U.S. trading partners starting next week. CBS News has this report.
CBS News has this report on Washington headlines, including a tariff decision deadline.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
President Trump announced tariffs of 25% on imports from India — in addition to an unspecified "penalty."
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.
