Bessent: No negotiations with China right now
Treasury Secretary Scott Bessent testified before lawmakers on Capitol Hill Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Watch CBS News
Treasury Secretary Scott Bessent testified before lawmakers on Capitol Hill Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The impact of President Trump's 145% tariffs on Chinese goods is playing out in real-time at America's ports. Gene Seroka, Port of Los Angeles executive director, joins "The Daily Report" to discuss.
Sweeping 145% tariffs on Chinese imports threaten some businesses' survival, as nearly all toy manufacturing happens overseas. Eleanor Mak, CEO and founder of Jilly Bing, a small business doll company, joins "The Daily Report" to discuss how tariffs are impacting her.
A Chinese exporter says Trump's tariffs simply aren't fair, while a U.S. buyer hopes for a trade war truce, because "China produces what you want."
The ongoing trade war is already impacting businesses in China amid President Trump's 145% tariff on the country. Exporters say sales are down because many American buyers can't afford to purchase what they need. CBS News' Anna Coren reports.
The Chinese Ministry of Commerce is commenting on potential trade talks with the U.S. This comes as more details emerge about the economic repercussions of President Trump's tariffs. Lori Bettinger, the president of BancAlliance, joins CBS News with more.
Some retailers have started breaking out the cost of tariffs on customer purchases, highlighting the impact on consumers.
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
The wars in Ukraine and the Middle East, and pressure from Trump, helped drive a massive boost in global military spending last year, a Swedish think tank says.
Bookings of container shipments from China to the U.S. are down nearly 50% compared to a year ago. Carter Evans reports from one of the country's busiest ports to see the economic impact at the loading dock and on small business shelves.
In the trade war with China, CBS News got a look behind enemy lines. But keep in mind, Anna Coren was shown what the Chinese Communist Party wanted her and the American public to see.
A commercial fisherman caught a highly invasive Chinese mitten crab in the Lower Columbia River, Oregon wildlife officials said.
Most Americans think tariffs will drive up prices and cost the U.S. more money than they generate, according to a new Gallup poll.
President Trump will begin his weekend in Rome to attend Pope Francis' funeral as thousands prepare to say their final goodbyes. CBS News New York reporter Tony Aiello has more. Plus, CBS News' Nancy Cordes and Eleanor Watson report on Mr. Trump's interview with Time Magazine and peace talks between Russia and Ukraine.
President Trump landed in Rome on Friday for the Saturday funeral of Pope Francis. CBS News' Nancy Cordes and Aaron Navarro report.
The Dow Jones eked out a 0.05% gain Friday as investors digested mixed messages on trade talks between the U.S. and China. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
As the U.S.-China trade war continues, Apple aims to produce its iPhones sold in America in India by the end of 2026, according to reports. CBS News' Kelly O'Grady has the latest on the trade war.
President Trump spoke to reporters outside the White House on Friday before heading to Rome for Pope Francis' funeral. Mr. Trump addressed trade talks and the Russia-Ukraine peace talks. CBS News' Olivia Rinaldi has more.
President Trump said he's spoken with Chinese President Xi Jinping "numerous times" on tariffs, but was vague on the details. China has denied that negotiations are underway. CBS News' Kelly O'Grady and Willie James Inman have more on the ongoing trade war.
The Trump administration will grant companies developing self-driving cars exemptions from certain federal safety regulations for testing purposes to help them compete with their Chinese rivals. Meanwhile, top Chinese policymakers pledged to support firms impacted by President Trump's tariffs. CBS News' Anna Coren reports from Guangzhou, China, where she attended the Canton Fair, the country's longest-running international trade event.
President Trump defends deportations to El Salvador; Brush fire battle ongoing in Florida.
DOJ faces deadline to hand over details about deportation flights to federal judge; McNeese State upsets Clemson and Drake University defeats Missouri.
DOJ in court over deportation flight; National Medal of Honor recipients gather in Texas.
President Trump denies New York Times report Elon Musk will be briefed on China war plan; How to keep your data safe at the airport.
The stock market briefly stalled on Thursday before closing higher for the third day in a row. The slight hiccup came after Beijing denied the Trump administration's claim that there are ongoing trade talks between China and the U.S. CBS News senior business and tech reporter Jo Ling Kent reports.