Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
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Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
The Trump administration moved Tuesday to ban imports of Canadian motorcycles, some dairy products and most types of alcohol starting later this month, intensifying the trade war between the two countries.
Canada's steep retaliatory tariffs on $20 billion in U.S. goods took effect just after midnight ET on Tuesday, deepening the trade war between the two countries.
Canadian officials said the tariffs set to be imposed on more than 800 U.S. imports are "strategic" and designed to target some states.
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Trump says the deal will cut beef prices by 25%; Florida ranchers say it disrupts markets already under strain.
An economic professor says the increase may be small, but it can add up over time.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
The company told CBS News it will direct the refunds toward groceries and general merchandise.
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy.
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
Shippers have pledged to share refunds with customers who paid tariffs once the government issues refunds.
Some U.S. importers reported problems filing tariff refund claims after Customs and Border Patrol launched its dedicated portal on Monday.
A federal agency on April 20 opened a portal that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Two dozen states filed a lawsuit challenging President Trump's legal authority to impose new global tariffs.
The U.S. government must also reimburse businesses for the interest they paid on tariffs recently struck down by the Supreme Court, according to the Cato Institute.
The Supreme Court ruled last month at President Trump did not have the authority to issue his sweeping tariffs under a federal emergency powers law.
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
The Trump administration is unlikely to back down from pursuing additional tariffs following the Supreme Court decision, according to trade experts.
Businesses could be owed nearly $150 billion in refunds after the Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
The Weather Prediction Center has issued a Level 1 Marginal risk of flash flooding from Pompano Beach south to Key West.
Families say months without court-ordered treatment can worsen psychiatric crises behind bars.
The Democrat says rapidly advancing technology requires Congress to act before safeguards fall behind.
Ed Sheeran opened his solo concert in Philadelphia on Saturday with comments about Gaza, saying what is happening there is "catastrophic and unjustifiable."
The city spent $50 million on flood prevention after historic flooding in 2023.
The Weather Prediction Center has issued a Level 1 Marginal risk of flash flooding from Pompano Beach south to Key West.
Families say months without court-ordered treatment can worsen psychiatric crises behind bars.
The Democrat says rapidly advancing technology requires Congress to act before safeguards fall behind.
Ed Sheeran opened his solo concert in Philadelphia on Saturday with comments about Gaza, saying what is happening there is "catastrophic and unjustifiable."
The city spent $50 million on flood prevention after historic flooding in 2023.
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
Former Cuban President Raúl Castro has reappeared in public at a military event celebrating an army branch's anniversary.
Diario Las Américas, a Miami-based Spanish-language newspaper, reported Tuesday that Castro is seriously ill, citing a confidential source in Cuba close to his inner circle.
A sign referencing Cuba was visible in surveillance footage of a gas pump fire at a Bird Road Chevron station.
Khalid Sheikh Mohammed is accused of developing and directing the plot to crash hijacked airliners into the World Trade Center and the Pentagon on Sept. 11, 2001.
Many Venezuelan immigrants are shunning Florida and turning instead to communities in places like Utah.
Alex Saab, 54, was deported in May by Venezuela's acting President Delcy Rodriguez to the U.S.
Former Venezuelan President Nicolás Maduro and his wife asked a judge to toss their drug trafficking indictment on the grounds that they have immunity as the leader and first lady of a foreign country.
The deal involves developing 17 strategic oil fields in Venezuela, an undertaking that experts said could take years.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
Families say months without court-ordered treatment can worsen psychiatric crises behind bars.
The Democrat says rapidly advancing technology requires Congress to act before safeguards fall behind.
A former Republican Congressman turned Democrat, Jolly is running as a moderate voice, arguing that it is time for change after decades of Republican rule in Tallahassee.
Scott Singer, the former mayor of Boca Raton, discusses winning his primary and what's next in the race.
Former prosecutors question why a grand jury found $10 million misappropriated but charged no one.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Employer health benefit costs are projected to see the steepest increase next year since 2003. That could mean higher deductions and out-of-pocket costs for workers.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
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.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.