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.
Donald Trump
What Trump has said about tariffs as stock market reacts
The Trump administration's imposition and walkback of tariffs has led to stock volatility and sparked worries of a global trade war and recession.
Trump tariffs are "negotiating strategy," Treasury chief Bessent says
White House spokeswoman Karoline Leavitt said President Trump's tariffs represented "the art of the deal."
Trump trade chief House testimony highlights
U.S. trade representative Jamieson Greer went before the House Ways and Means Committee Wednesday to testify about President Trump's tariffs. During the hearing, Mr. Trump announced he was putting a 90-day pause on reciprocal tariffs against most countries but raising tariffs on China to 125%.
Trump speaks after announcing tariff pause
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.
See the full list of reciprocal tariffs by country from Trump's chart
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
Bessent comments on Trump's tariff pause
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.
Trump announces tariff pause for most nations
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.
Congressman lashes out at Trump trade chief
Rep. Steven Horsford (D-Nevada) tore into U.S. trade representative Jamieson Greer Wednesday on the House floor after President Trump unexpectedly announced a 90-day reciprocal tariff pause for most countries. See the moment.
Bessent on China escalating trade war
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 worried about China tariffs
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.
EU announces retaliatory tariffs
The European Union announced retaliatory tariffs on $22 billion of U.S. products as President Trump's tariffs take effect. The new measures will impact agricultural and manufacturing goods, according to reports. CBS News' Olivia Rinaldi reports on the White House's position.
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How China escalated the U.S. trade war
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 raises tariffs on U.S. to 84%
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.
Are all Republicans behind tariffs?
Republican lawmakers are navigating the impact of President Trump's tariffs as China retaliates with more taxes on U.S. goods. CBS News' Taurean Small reports as the budget resolution fight in Congress continues.
EU considering tariffs on U.S. goods
The European Union is navigating two sides of President Trump's tariffs strategy by offering to drop some tariffs levied on the U.S. but also considering more taxes on agricultural and manufacturing goods, according to Jeanna Smialek, the Brussels bureau chief for The New York Times. Smialek joined CBS News with more.
Trump's reciprocal tariffs take effect
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.
IRS acting head resigning over deal to send immigrant tax data to ICE
The IRS has agreed to share immigrants' tax data with ICE for to help authorities identify and deport undocumented immigrants.
How much could Trump's tariffs hike the price of your wine and whisky?
Trump hit Europe with 20% tariffs, but a Virginia wholesaler says Americans could see 30% price hikes on some wines, and even U.S. producers face higher costs.
Trump's sweeping new tariffs in effect, including 104% on China
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.
Trump's would-be assassin sought weapon to shoot down his plane, DOJ says
The Justice Department says Ryan Routh tried to acquire anti-aircraft weapons to shoot down Donald Trump's plane.
RFK Jr.: People should get measles vaccine
In an interview with Dr. Jon LaPook, Health and Human Services Secretary Robert F. Kennedy Jr. says he is encouraging people to get vaccinated against measles. "The federal government's position, my position, is that people should get the measles vaccine," Kennedy Jr. says. See more from the interview, Wednesday on "CBS Mornings" and "CBS Evening News."
Trump overstates the number of U.S. factories lost since NAFTA
President Trump claims 90,000 factories have shuttered since the free trade agreement took effect, but more recent data shows the figure is misleadingly high.
The AI doom scenario you've never heard of may be hardest to stop
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