Markets spike before close after tariff pause
Wall Street surged Wednesday after President Trump announced a 90-day pause on reciprocal tariffs for many countries. CBS News' Maurice DuBois anchors a special report.
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Wall Street surged Wednesday after President Trump announced a 90-day pause on reciprocal tariffs for many countries. CBS News' Maurice DuBois anchors a special report.
The Trump administration's imposition and walkback of tariffs has led to stock volatility and sparked worries of a global trade war and recession.
President Trump announced Wednesday he is increasing tariffs on China to 125% while suspending reciprocal tariffs "beyond" 10% on other U.S. trade partners for the next 90 days. Mr. Trump discussed the decision during an event in front of the White House. CBS News' Aaron Navarro, Taurean Small and Kelly O'Grady have more.
The stock market skyrocketed Wednesday after President Trump unexpectedly announced there would be a pause on reciprocal tariffs against most countries. The president said levies against China would be increased. Lindsey Reiser anchored CBS News' team coverage.
Treasury Secretary Scott Bessent and White House press secretary Karoline Leavitt took questions from reporters at the White House immediately after President Trump announced a 90-day reciprocal tariff pause for most countries while raising the tariffs against China.
Secretary of Defense Pete Hegseth says China is threatening the Panama Canal with investments in the region. CBS News' Shanelle Kaul reports.
President Trump on Wednesday announced a 90-day tariff reciprocal pause for most countries, but raised tariffs further against China. Following comments from the White House, Maurice DuBois anchored a CBS News special report on the development with Elizabeth Cook anchoring continuing coverage.
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
Treasury Secretary Scott Bessent is warning other nations against escalation after facing tariffs from the Trump administration. This comes as President Trump suggests Americans should "be cool" and not fret as stocks slide. CBS News' Jill Schlesinger and Weijia Jiang report.
U.S. farmers are concerned as the trade war with China gets worse. This comes as new tariffs on U.S. goods reached 84% and as President Trump's tariffs took effect. CBS News' Lana Zak reports.
Secretary of Defense Pete Hegseth is not ruling out using the military to secure the Panama Canal against China's interference. CBS News' Charlie D'Agata reports.
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China's increased tariffs on U.S. goods are bound to impact American farmers and consumers. CBS News' Kelly O'Grady and Ramy Inocencio report.
China raised tariffs slapped on American goods to 84% and says it will not back down amid President Trump's threats on trade. CBS News' Weijia Jiang reports from the White House, Anna Coren reports from Hong Kong and Jill Schlesinger has more on the American impact.
The Trump administration says dozens of countries are trying to reach the president to try to strike deals as his reciprocal tariffs take effect. CBS News' Natalie Brand reports.
President Trump's tariffs on imports from dozens of countries kicked in Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war.
As President Trump threatens China with even more tariffs, Beijing says it will never bow to "unilateral bullying," and "will fight to the end."
The Dow, Nasdaq and S&P 500 closed in negative territory Tuesday as investors continue to reel from President Trump's global tariffs. Martin Baccardax, senior editor and chief markets correspondent at TheStreet, joins "America Decides" to examine how the escalating trade war could impact the global economy and whether trade deficits are inherently bad.
A stock market rally fizzled by Tuesday's closing bell, with the Dow Jones wiping out a 1,400-point gain and all three major indexes closing in the red ahead of the midnight deadline for President Trump's sweeping tariffs. CBS News' Kelly O'Grady and Jennifer Jacobs have more.
The U.S. will impose a 104% tariff on imports from China starting on Wednesday, according to White House officials.
Tuesday was another volatile day for the markets as the Trump administration indicated it is taking calls from nearly 70 countries to negotiate on tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump is signing an executive order Tuesday that the White House says will invigorate the coal industry. CBS News White House reporter Aaron Navarro has the details.
Ukraine's leader says two Chinese nationals were caught fighting alongside Russia's army in the war-torn east of his country, and he's demanding answers from Beijing.
A spokesperson for China's foreign ministry hit back at Vice President JD Vance after Vance referred multiple times to "Chinese peasants" in a Fox News interview.