Trump pauses most new tariffs for 90 days, increases China tariffs to 125%
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
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The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
President Trump's tariffs on imports from dozens of countries kicked in Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war.
President Trump and Israeli Prime Minister Benjamin Netanyahu met two days before new U.S. tariffs go into effect.
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products. Beijing bristled at his latest threat.
As the stock market continues to disappoint, the nonprofit organization Greenpath Financial tells CBS News Detroit that more people are coming to it now for help managing the stress of seeing what's happening with their finances.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
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.
A 6-year-old girl is in the hospital after police said she accidentally shot herself with an unsecured gun in Detroit on Sunday morning.
U.S. Central Command said Sunday that three American service members were killed and five others were seriously wounded as part of the military operation in Iran.
"There's probably a lot of jockeying inside of Iran right now, they have a very consultative, deliberative process to replace the Supreme Leader," Sen. Tom Cotton said Sunday on "Face the Nation with Margaret Brennan."
More than 2,400 flights were canceled Sunday across airports in the Middle East, according to flight tracker FlightAware.
Fourteen people were hospitalized, including three in critical condition, after the shooting at Buford's, a beer garden in Austin's entertainment district.
The U.S. military says three troops have been killed in the war with Iran, as Iranian missiles hit countries and ships across the region. Another strike killed at least eight in Israel.
Law enforcement is seeking answers after a 13-month-old girl was found in an impounded vehicle at a tow yard in Eastpointe, Michigan, on Saturday.
A 6-year-old girl is in the hospital after police said she accidentally shot herself with an unsecured gun in Detroit on Sunday morning.
Parents in Bloomfield Hills are speaking out after an abrupt school board decision was made to close a child care program in the district at the end of the school year.
Fourteen people were hospitalized, including three in critical condition, after the shooting at Buford's, a beer garden in Austin's entertainment district.
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.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
U.S. Central Command said Sunday that three American service members were killed and five others were seriously wounded as part of the military operation in Iran.
Fourteen people were hospitalized, including three in critical condition, after the shooting at Buford's, a beer garden in Austin's entertainment district.
The president said the strikes have put immense pressure on Iran, and he believes the U.S.-Israeli military action can lead to an eventual diplomatic solution.
Members of Congress who represent Michigan are voicing a range of differing responses Saturday after the United States and Israel announced a major military operation against Iran.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
There are a few steps to get an exemption for a required vaccine here in Michigan and a group of Republican lawmakers want to make sure it doesn't get any more difficult in the future.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
The Detroit Red Wings were beaten by the Hurricanes 5-2 on Saturday night in Raleigh, North Carolina. Shayne Gostisbehere had a goal and two assists to lead the Hurricanes to their fifth straight win.
Detroit Tigers right-hander Troy Melton is not expected to be available for the start of the season due to inflammation in his right elbow.
Former University of Michigan football coach Sherrone Moore's name is once again in the spotlight after a woman's attorney claims he failed to act when she alleged sexual misconduct by former staffer LaTroy Lewis.
Comments by golf legend Tiger Woods over the future PGA schedule are raising questions about how the Rocket Classic in Detroit fits in.
No charges have been filed against Arnold, who was a 2024 first-round NFL draft pick.
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?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Even before the 2026 electricity rate hike takes effect, DTE has started the process of asking State of Michigan officials for rate increases to take effect in 2027.
The Atlanta Falcons on Friday, Feb. 27, dismissed assistant defensive line coach LaTroy Lewis amid a police investigation of alleged sexual misconduct during his time at the University of Michigan.
Two people have died, and two others were injured on Friday, Feb. 27, in a shooting at a funeral repast in Detroit.
A Michigan mother is using her love of crocheting to help comfort premature babies and their parents.
Catholics and other Christian denominations around the world are observing Lent. With that comes the Friday Fish Fry until Easter weekend. This week, we checked in with Our Lady of the Scapular Church in Wyandotte, Michigan. CBS News Detroit talked with a few parishioners.