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.
A St. Clair Shores, Michigan, couple has been charged after prosecutors say they lit and threw an explosive device into their 72-year-old neighbor's yard.
Police say a $5,000 reward is available for information that will move the case forward.
Dillon Dingler homered for the third straight game and finished with three hits and three RBIs as the Detroit Tigers defeated the Seattle Mariners 11-0.
According to the George Bush Intercontinental Airport, one person was taken into custody, and a police investigation is ongoing.
The Federal Aviation Administration has ordered inspections of hundreds of Boeing 737 Max jets after cracks were found in parts of some older model Boeing planes.
State and federal health officials say cyclosporiasis cases are slowing down, and contaminated lettuce is no longer on the market.
According to the George Bush Intercontinental Airport, one person was taken into custody, and a police investigation is ongoing.
A 10-year-old girl and her grandmother were killed in a three-vehicle crash that closed part of M-50 in Monroe County for nearly four hours.
Nearly 60 firefighters worked the scene early Thursday at Troy Church of Christ in Oakland County.
A St. Clair Shores, Michigan, couple has been charged after prosecutors say they lit and threw an explosive device into their 72-year-old neighbor's yard.
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
The president's visit to the Great Lakes state comes less than 100 days before midterm elections that will test his party's grip on Congress.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
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.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Dillon Dingler homered for the third straight game and finished with three hits and three RBIs as the Detroit Tigers defeated the Seattle Mariners 11-0.
The Federal Aviation Administration has ordered inspections of hundreds of Boeing 737 Max jets after cracks were found in parts of some older model Boeing planes.
Michigan Democratic Party Chair Curtis Hertel says the party is focused on a big-tent approach, with organizers already in the field ahead of the general election.
Though Rep. Haley Stevens stressed a unified front moving forward, she was evasive on whether she would appear with El-Sayed on the campaign trail.
Donavan McKinney's Democratic primary victory over incumbent Shri Thanedar almost assures Detroit will again have a Black representative in Congress, a distinction the majority-Black city lost in 2022.
State and federal health officials say cyclosporiasis cases are slowing down, and contaminated lettuce is no longer on the market.
The Michigan Department of Health and Human Services says it has counted 12,218 cyclosporiasis cases in the state as of Aug. 5.
Despite more than 11,500 cyclosporiasis cases statewide, Michigan health officials say residents should continue eating fresh produce and follow washing and handling steps to reduce their risk of illness.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
The Michigan Department of Health and Human Services reports there have been 10,773 cyclosporiasis cases in the state during the past five weeks.
Dillon Dingler homered for the third straight game and finished with three hits and three RBIs as the Detroit Tigers defeated the Seattle Mariners 11-0.
Jahmyr Gibbs and the Detroit Lions have reportedly reached a three-year, $67.5 million deal, making him the highest-paid running back.
Officials say Haddad will oversee all football and business operations and work with principal owner Sheila Hamp and the board of directors.
Troy Melton threw seven sharp innings and Colt Keith hit a two-run single as the Detroit Tigers beat the Seattle Mariners 8-0 to open their post-Tarik Skubal era.
Devin White finished last season as the NFL's third-leading tackler.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
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.
President Trump issued two executive orders targeting birthright citizenship, less than two months after the Supreme Court struck down Mr. Trump's previous effort to end it.
While rain chances continue into the weekend, we'll continue with the hit-or-miss showers.
A St. Clair Shores, Michigan, couple has been charged after prosecutors say they lit and threw an explosive device into their 72-year-old neighbor's yard.
A Frontier flight that was bound for Metro Detroit from Houston was deplaned on Thursday after airline officials said a passenger made a verbal bomb threat.
The Michigan Department of Health and Human Services said on Thursday that people can resume routine recommendations for preparing and eating lettuce and salad greens as a recent cyclosporiasis outbreak appears to be fading.