Stocks plummet a day after huge gains on tariff pause announcement
Trade tensions remain high despite President Trump's decision on Wednesday to temporarily freeze U.S. tariffs on dozens of countries.
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Trade tensions remain high despite President Trump's decision on Wednesday to temporarily freeze U.S. tariffs on dozens of countries.
Ben McMillan, Chief Investment Officer at IDX Advisors joins CBS New York to breakdown the U.S. and China tariffs and if a trade war could be brewing.
The president issued a 90-day pause on the tariffs for most countries, except China. But as CBS News' Natalie Brand reports, Beijing has signaled a willingness to talk.
Although China is one of the United State's biggest trading partners, President Trump leveled 125% tariffs on the country, despite pausing them for others. Now with China imposing retaliatory tariffs, what kind of impact could this have on the economy? Bankrate Financial Analyst, Mark Hamrick, breaks down the ongoing trade war.
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."
The president is expected to meet with his cabinet Thursday, one day after he hit the pause button on most of his global tariffs. CBS News New York's Christina Fan has the latest on the market response.
President Trump's decision to put some tariffs on pause may have sent the stock markets soaring, but area lawmakers say it's only a temporary reprieve.
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.
The U.S. will impose a 104% tariff on imports from China starting on Wednesday, according to White House officials.
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.
China announced tariffs and restrictions on U.S. goods as a countermeasure to the sweeping tariffs imposed by President Trump. CBS News New York's Doug Williams reports.
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.
The new tariffs announced by President Trump prompted major sell-offs in U.S. and Asian markets. CBS News New York's Jarred Hill reports.
Director of National Intelligence Tulsi Gabbard and CIA director John Ratcliffe testified in a Senate Intelligence hearing that was pre-scheduled to deal with global threats.
As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
New tariffs went into effect against China, Canada and Mexico, the White House has put aid to Ukraine on hold, and there's been a flurry of cuts to federal workers. CBS News New York's Marcia Kramer and Jessica Moore have team coverage.
The announcement is sparking fears that everything from car parts to avocados will cost American families even more. CBS News New York's Jessica Moore reports.
We've been following President Donald Trump's new tariffs on Mexico, Canada and China, marking a significant shift in U.S. Trade Policy that has sparked widespread concern about its potential effects on businesses, consumers, and international relations. The President back tracked on the idea back in January as he made a deal with the leaders of both countries. But could we see the same outcome as these tariffs get implemented? Rita Mcgrath, Author and Professor at Columbia Business School explains.
CBS News New York's Dave Carlin reports on how tariff tensions between the U.S. and China is adding more intrigue.
Michelle Castillo, tech journalist and President, TIWWG joins CBS New York to discuss the Paris AI Summit.
The USPS halted an order to suspend incoming packages from China that threatened to severely disrupt trade between the two major economies.
China says it will counter President Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports. It also announced an antitrust probe into Google and other trade measures.
It comes as President Trump's new tariffs on Chinese products went into effect. CBS News New York's Alice Gainer reports.
