In U.S. auto market, uncertainty reigns over the potential impact of tariffs
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
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A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
On April 2, a 25% tariff on imported automobiles and parts is due to go into effect. Carter Evans reports that, for car shoppers, it could be a case of buy now or pay more later.
The back-and-forth tariffs between the U.S. and Canada means fewer Canadians are looking to book vacations in New York.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.
It was a brutal day on Wall Street as stocks plunged to the worst numbers we've seen since 2022. The Dow Jones ended 890 points down, the "S and P" dropped 155 and the NASDAQ sank by 727 points. Are President Trump's new tariffs and looming recession to blame? Bankrate Senior Industry Analyst Ted Rossman explains.
What was once a 25% tariff on steel and aluminum imported from Canada is now 50%. As CBS News New York's Jessica Moore reports, it comes on top of growing fears of a recession after a dismal day on Wall Street.
The U.S. market suffered its worst day of the year as concern grows over a tariff war. CBS News New York's Elijah Westbrook explains.
Ontario Premier Doug Ford said a 25% surcharge on electricity sent to Michigan, Minnesota and New York, will be effective on March 10.
In response to President Trump's tariffs, Ontario's leadership is implementing a surcharge on electricity exports to New York.
President Trump's imposed tariffs are not just impacting the cost of groceries, they could also be impacting your 401k. Sam Huszczo, Investment Advisor at SGH Wealth Management helps us understand what to expect.
China says it will retaliate against the United States and what it calls "arbitrary tariffs." This comes hours after President Trump reversed course and paused some tariffs on Mexico and Canada by one month. CBS News New York's Dick Brennan reports.
President Trump on Thursday said he is pausing 25% tariffs on U.S. imports from Mexico and Canada.
Ontario's leadership threatened with an additional surcharge for electricity they export to a few neighboring U.S. states.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
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.
The long-awaited tariffs are now in effect, putting global markets on edge. As CBS News New York's Elijah Westbrook reports, they will likely have a big impact on prices in our area.
President Trump also says he'll announce "reciprocal tariffs" on Tuesday or Wednesday.
The meeting comes on the heels of Trump's controversial proposal to clear Palestinians out of Gaza and relocate them to other countries. CBS News New York's Natalie Duddridge reports from the newsroom.
The latest round of tariffs comes as the president continues to face court challenges over multiple executive orders, and new poll numbers show Americans largely approve of the sweeping changes he made over the last few weeks. CBS News New York's Christina Fan reports.
Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
