Trump says China trade deal likely to be finalized during his Asia trip
President Trump told reporters as he flew into Japan that he expects to have a trade agreement with China finalized by the end of his tour of Asia.
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President Trump told reporters as he flew into Japan that he expects to have a trade agreement with China finalized by the end of his tour of Asia.
The move comes even though Ontario's leader said the anti-tariff ad would be halted beginning Monday.
The National Restaurant Association says menu prices for U.S. restaurants would need to increase by 30.3% just to maintain a thin profit margin of 5% under the current economic conditions.
The owners of an Italian ceramics store in San Francisco's North Beach neighborhood say they are unsure if they can stay open due to the higher prices attributed to President Trump's tariffs. Veronica Macias reports.
American consumers are expected to pay more than half of the added costs from U.S. tariffs, according to a Goldman Sachs analysis.
President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month — marking a significant escalation in the U.S.-China trade war.
President Trump is vowing to retaliate if China enforces stricter curbs on exports of materials used in electronics, defense weapons and high-tech products.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
President Trump announced a 100% tariff on pharmaceutical drugs, a 50% tariff on kitchen cabinets and bathroom vanities, a 30% tariff on upholstered furniture and a 25% tariff on heavy trucks.
The Trump administration's tariffs are slowly rippling through the economy and starting to push up prices for some products, government data shows.
The Supreme Court on Tuesday said it will decide whether President Trump can impose his most sweeping tariffs.
An exemption that allowed low-value parcels shipped to the U.S. to avoid tariffs has ended, Trump administration officials say.
Prime Minister Mark Carney said Canada is dropping 25% tariffs on a long list of U.S. products to ease trade tensions.
The owner of San Jose burger joint Campus Burgers is bucking the trend of establishments raising their prices because of President Trump's tariffs. Len Ramirez reports.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
President Trump said he is giving more time to Mexico to strike a trade deal ahead of his Aug. 1 tariff deadline.
President Trump has threatened to impose a 30% tariff on imports from the European Union's 27 member countries if no trade deal is reached by Aug. 1.
The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Fresh tomatoes from Mexico — which supplies about 70% of the U.S. tomato market — will face a 17.09% duty.
President Trump announced on social media that he is levying 30% tariffs against Mexico and the European Union. They are set to begin on Aug. 1.
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
