Trump tariff plans bring wide concern about financial impact — CBS News poll
President Trump's approvals on economy and inflation dip, as Wall Street has one of its most volatile weeks in recent years.
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President Trump's approvals on economy and inflation dip, as Wall Street has one of its most volatile weeks in recent years.
President Trump is backing down on punishing tariffs in the ongoing trade war with China. He announced exemptions on some smartphones and other electronics. The news is a relief for both companies and consumers worried about how tariffs could impact prices. Willie James Inman reports.
Even after this week's tariff hike pause, President Trump again threatened major tariffs on foreign-made pharmaceuticals. CBS News New York's Tim McNicholas shows us how local pharmacists and customers are bracing for impact.
Late Friday, the White House announced tariff exemptions for tech products, including smart phones, laptops, hard drives, semi-conductors and more. Cristian Benavides reports.
The exemptions, published late Friday in a notice by the U.S. Customs and Border Protection office, cover various electronic goods, including smartphones.
Mr. Trump took new action at the U.S. southern border as his administration confronts multiple challenges around the globe. CBS News New York's Bradley Blackburn reports.
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
President Trump undergoes his annual physical Friday, but it's the future health of the economy that some analysts are worried about. CBS News' Natalie Brand reports.
China says it is raising tariffs on U.S. goods to 125%, escalating the trade war between the two countries.
Dow, S&P and Nasdaq futures were all in the black, though slightly, even though China announced it was raising its tariffs on U.S. goods again, escalating their trade war.
President Trump says his administration is going to work out trade deals with the countries which have approached him after he announced a sweeping tariffs package last week. This comes as his budget deal, which includes both spending cuts and tax cuts, is now one step closer to becoming law. Erica Brown reports from the White House.
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.
Investors on overseas financial markets welcomed President Trump's decision to put most of his his sharp tariff hikes on hold for 90 days.
President Trump's aggressive use of tariffs has fueled concerns about the economy and roiled the stock market.
The S&P 500, Dow and Nasdaq surged after President Trump said he was freezing his "reciprocal tariffs" for 90 days.
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."
For more on the ever-changing tariff situation, we hear from Cris Deritis, deputy chief economist at Moody's.
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 put his sweeping tariffs on pause Wednesday for most countries but is escalating his battle with China. CBS News New York's Dick Brennan has reaction from people who want to avoid paying the price.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
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.
The Dow, the S&P 500, and the NASDAQ all closed in the green Wednesday, but everyday New Yorkers are still worried about what volatile markets will mean for their futures. CBS News New York's Marcia Kramer reports.
Mr. Trump said he is also lowering of the reciprocal tariff rate to 10%, effective immediately. However, he said China would not be included. CBS News New York's Dick Brennan reports.
