Inflation could be 30% lower without tariffs, survey shows
A new survey shows inflation could have been about a third lower this year without president trump's historically high tariffs.
Watch CBS News
A new survey shows inflation could have been about a third lower this year without president trump's historically high tariffs.
Retailers are expected to hire fewer seasonal workers this year as tariffs and inflationary pressures roil the economy.
Here's why groceries are costing more, and what American consumers can do to save money at the supermarket.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
From skeletons to pumpkins and costumes, tariffs could drive up costs this Halloween.
The Trump administration's tariffs are slowly rippling through the economy and starting to push up prices for some products, government data shows.
The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
President Trump has claimed the authority to bypass Congress and impose sweeping tariffs, but a new ruling throws that in doubt.
As of Aug. 29, shipments to the U.S. valued at less than $800 are subject to tariffs, potentially resulting in surprise costs for consumers.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
The exemption allowed Shein and Temu to ship ultra low-cost apparel and other goods to the U.S. buyers at bargain-basement prices.
An exemption that allowed low-value parcels shipped to the U.S. to avoid tariffs has ended, Trump administration officials say.
Prime Minister Mark Carney said Canada is dropping 25% tariffs on a long list of U.S. products to ease trade tensions.
For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
According to the U.S. Department of Agriculture, U.S. seafood imports have increased almost every year from 1995 through 2023.
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
New tariffs, including a 50% rate on Brazilian imports, are now in effect worldwide, marking the largest shift to the global economy in nearly a century and raising concerns about inflation despite record U.S. tax revenue.
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.
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.
Trade experts say the Trump administration's barrage of new tariffs could raise prices for consumers and cause headaches for businesses.
The Trump administration is poised to hit dozens of nations around the world with higher tariffs starting next week.
A late-night recording session in a Hollywood, Florida home used as a studio turned deadly when gunfire erupted, leaving one man dead and another hospitalized.
Authorities in Miami have arrested 11 people accused of falsifying information to obtain disabled parking permits.
At first glance, the Everglades seem unchanged—but a closer look reveals the unmistakable impact of two straight years of drought.
A Homestead woman tells CBS News Miami her husband was handed $2,100 in counterfeit "Motion Picture Use Only" bills before a suspect snatched his gold chain.
Backyard gardening isn't for everybody, but if you're successful the rewards go far beyond the potential money saved.
A late-night recording session in a Hollywood, Florida home used as a studio turned deadly when gunfire erupted, leaving one man dead and another hospitalized.
Authorities in Miami have arrested 11 people accused of falsifying information to obtain disabled parking permits.
At first glance, the Everglades seem unchanged—but a closer look reveals the unmistakable impact of two straight years of drought.
The CBS Miami Nat Moore Trophy honors the best high school football player from Miami-Dade, Broward and Monroe counties.
The Miami Dolphins' three preseason games will air on CBS Miami as the team prepares for the 2026 NFL season.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The Florida primary is being held on Tuesday, Aug. 18.
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Gov. Ron DeSantis toured the state harping on the need for a major cut to property taxes, at times questioning why property taxes should exist at all.
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
In a statement, Moody attempted to distance herself from the affair, suggesting the blame rests with the Governor and his Administration.
The race to see who will be the Democratic nominee to take on Republican Congresswoman Maria Elvira Salazar in District 27 is being closely watched.
Months after leaving TV news, Rodriguez is competing against former prosecutor Robin Peguero for the CD-27 nomination.
On Sunday, Collins spoke about the ruling on this week in South Florida and explained why he believes he is trailing the Republican frontrunner, Byron Donalds.
CBS Miami's Jim DeFede spoke to former Republican State Senator Jeff Brandes, president of the Florida Policy Project, who is behind one of those lawsuits.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Federal officials issued a public health alert for meat products containing jalapeños that may be linked to a salmonella outbreak that has sickened hundreds of people across at least 27 states.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Co-stars and friends of Hayden Panettiere are remembering her for her friendship, intelligence and talent after her shocking death on Sunday.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.