Trump's latest tariffs raise odds of a U.S. recession, economists say
The likelihood of the U.S. entering a recession has jumped since President Trump announced new tariffs, according to Goldman Sachs economists.
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The likelihood of the U.S. entering a recession has jumped since President Trump announced new tariffs, according to Goldman Sachs economists.
Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.
The layoffs begin Monday and are expected to last for several weeks.
Countries targeted by President Trump for higher so-called reciprocal tariffs are due to go into effect on Wednesday.
Commerce Secretary Howard Lutnick said President Trump "wasn't kidding," and his reciprocal tariffs will take effect later this week.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
As President Trump's 25% tariff on all imported vehicles kicked in overnight, it's expected that new cars are going to rise in price even more.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
Ford rolls out employee pricing promotion as new 25% tariffs on U.S. auto imports take effect.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
America's global trading partners are bristling at President Trump's tariff tactics, but many also stress a desire to strike new deals with the U.S.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
President Trump will impose 25% tariffs on all imported vehicles and auto parts starting April 3. Sam Darwich, owner of Northwestern Auto Repair in Farmington Hills, Michigan, joins CBS News to discuss how the tariffs could impact his business.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
Airlines are seeing lower demand from Canadians looking to travel to the U.S. amid a brewing U.S.-Canada trade war.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
Billboards such as those spotted in the Metro Detroit area this week read, "Tariffs are a tax on your grocery bill."
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
A judge has ruled that a 20-year-old St. Clair Shores, Michigan, man facing three charges in connection with an alleged plan to attack a school will stand trial, the Macomb County Prosecutor's Office said Friday.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
A 41-year-old woman is dead after she was hit by a vehicle in Monroe Township on Friday evening, according to the Michigan State Police.
Seven guns have been seized by police and an individual was detained after a reported shooting in Inkster, Michigan, on Thursday, according to police.
Fire Chief Joseph Murray says they were in contact with the driver and are not aware of any injuries.
Over $100,000 worth of narcotics was seized Thursday as the Detroit Police Department investigated suspected drug activity.
A Chicago bus driver is out of a job after he was caught on camera with his hands off the wheel and his eyes glued to his cell phone.
Seven guns have been seized by police and an individual was detained after a reported shooting in Inkster, Michigan, on Thursday, according to police.
A judge has ruled that a 20-year-old St. Clair Shores, Michigan, man facing three charges in connection with an alleged plan to attack a school will stand trial, the Macomb County Prosecutor's Office said Friday.
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.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
Daniss Jenkins scored 18 points in his last game as a two-way player and the Detroit Pistons routed New York 118-80 on Friday night to end the Knicks' winning streak at eight games.
More than 35 local, state and federal agencies have been working for the last 18 months to prepare for Super Bowl LX in Santa Clara, California.
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
Planned Parenthood of Michigan has started to offer vasectomy services in Grand Rapids, with plans to expand the procedure across the state.
Daniss Jenkins scored 18 points in his last game as a two-way player and the Detroit Pistons routed New York 118-80 on Friday night to end the Knicks' winning streak at eight games.
More than 35 local, state and federal agencies have been working for the last 18 months to prepare for Super Bowl LX in Santa Clara, California.
The 2026 Milano Cortina Winter Olympics are underway after the lighting of the Olympic cauldrons and the Parade of Nations at the opening ceremony.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
Will Riley scored 20 points, Sharife Cooper added 18 and the Washington Wizards upset the Eastern Conference-leading Detroit Pistons 126-117 on Thursday night.
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?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
The Monroe County Sheriff's Office is warning residents of a scammer claiming to be law enforcement and telling people they have outstanding warrants.
There has been outrage across the political spectrum after a video posted on President Trump's Truth Social account depicted former President Barack Obama and First Lady Michelle Obama as apes.
Wind chills drop through Saturday morning before warmer air arrives next week.
A driver has been rescued after a parking garage partially collapsed in Dearborn Friday night, according to authorities.
An attorney is investigating the death of 19-year-old University of Michigan sophomore Lucas Mattson, nearly two weeks after his body was found southeast of central campus following a 20-hour-long search.