China hikes tariffs on U.S. goods to 84%, as EU also hits back
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
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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.
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.
