U.S. stock futures sag, overseas markets plunge as tariff turmoil continues
Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.
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Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.
Countries targeted by President Trump for higher so-called reciprocal tariffs are due to go into effect on Wednesday.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
California Gov. Gavin Newsom sent a message directed at world leaders on Friday in an attempt to blunt the retaliatory tariffs expected after the Trump administration's "Liberation Day" plans.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
CBS13 political analyst Gary Dietrich discusses the uncertain future with Trump's recent tariffs and the potential impact on consumers and businesses.
Ford rolls out employee pricing promotion as new 25% tariffs on U.S. auto imports take effect.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Trump has previously described the "External Revenue Service" as an arm of government "to collect tariffs, duties, and all revenue that come from foreign sources."
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
In an unsigned letter, Tesla encourages trade representative to reconsider tariffs, saying they could hurt U.S.-based car manufacturers.
President Trump on Thursday said he is pausing 25% tariffs on U.S. imports from Mexico and Canada.
President Trump's tariffs and the new U.S. trade war have California farmers facing a new uncertainty.
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.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
Trump officials remain on course to hit Canada and Mexico with 25% tariffs on March 4, with a wave of other levies ready to roll.
President Trump also says he'll announce "reciprocal tariffs" on Tuesday or Wednesday.
President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.
Proposed 25% U.S. tariffs on Canada and Mexico could lead to a sharp increase in vehicle prices, auto industry executives and analysts say.
Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
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.
President Trump is pausing tariffs targeting imports from Mexico and Canada for a month after the two countries agreed to beef up border security.
