Trump pauses most new tariffs for 90 days, increases China tariffs to 125%
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
Economy
Answering your questions about tariffs
President Trump's tariffs on China are up to 125%. Meanwhile, President Trump announced that most "reciprocal" tariffs are paused for 90 days. CBS News' Jill Schlesinger and Kelly O'Grady answer viewers' questions about how tariffs will impact them.
Federal Reserve's Neel Kashkari on tariffs
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
What to know about the Trump tariffs so far
The tariff announcements and policy updates out of the White House have been changing rapidly. CBS News MoneyWatch correspondent Kelly O'Grady gives an overview. And one of the biggest beneficiaries of the "reciprocal" tariffs may be the U.S. resale market. Poshmark CEO Manish Chandra joins "The Daily Report" to discuss. Then, CBS News' O'Grady and Jill Schlesinger answer your questions.
Why Trump paused tariffs for most nations?
Since the Trump administration announced sweeping new tariffs, there's been mixed messaging from the White House. President Trump announced Wednesday that higher levies on the vast majority of America's trading partners will be paused for 90 days. CBS News' Weijia Jiang, Jill Schlesinger and Kelly O'Grady report and answer viewer questions.
Trump shifts focus to China in tariff fight
President Trump announced a 90-day pause on his reciprocal tariffs on Wednesday, with most nations getting a break except China, which is now facing a 125% levy. CBS News business analyst Jill Schlesinger has more.
Economists on Trump's tariffs pause
President Trump walked back his "reciprocal" tariffs Wednesday, announcing that higher levies on most nations will be put on pause for 90 days. Gene Sperling is the former director of the National Economic Council and assistant to the president for economic policy under former Presidents Bill Clinton and Barack Obama and was a senior adviser to former President Biden. Vance Ginn was the chief economist for the White House's Office of Management and Budget during President Trump's first term. They join "The Daily Report" with analysis.
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.
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.
Wildfang CEO Emma McIlroy on Trump's tariffs
Small business leaders are raising red flags over Trump's sweeping tariffs, warning of possible job cuts and rising prices. Wildfang CEO Emma McIlroy shares how her company is preparing.
Concerns over tariff impact on clothing
President Trump's tariffs could drive up the cost of clothing. According to a 2023 estimate, 97% of shoes and clothes sold in the U.S. are imported, creating concern among businesses.
How latest tariffs could impact consumers
CBS News MoneyWatch correspondent Kelly O'Grady and CBS News business analyst Jill Schlesinger join "CBS Mornings" to break down the impact of President Trump's latest round of tariffs that took effect Wednesday – from potential price hikes to the stock market.
China vows to fight Trump's tariff trade war "to the end"
As President Trump threatens China with even more tariffs, Beijing says it will never bow to "unilateral bullying," and "will fight to the end."
Why the stock market ended the day in the red
Tuesday was another volatile day for the markets as tariff uncertainty gripped Wall Street. President Trump's reciprocal tariffs are set to go into effect Wednesday. CBS News' Kelly O'Grady, Aaron Navarro, Ramy Inocencio and Nikole Killion have all the latest tariff details.
Are trade deficits bad for the U.S. economy?
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.
Trump aims to increase coal production
President Trump signed an executive order on Tuesday that aims to revitalize a declining coal industry and help the U.S. achieve affordable and reliable energy. CBS News Climate Unit senior coordinating producer Tracy Wholf breaks down the order and its concerns.
Early morning stock rally fizzles out
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.
How tariffs could affect grocery prices
Americans' grocery bills could be higher due to President Trump's tariffs. Supermarketguru.com editor Phil Lempert joins CBS News to discuss how tariffs will "change what we buy."
Late-day stock losses amid tariff fallout
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.
Trump tariffs could have "devastating impact," small businesses say
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."
China calls JD Vance "ignorant and impolite" over his "peasants" comments
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.
Mar 4: CBS News 24/7, 10am ET
China retaliates as Trump tariffs take effect, Beijing adds levies on U.S. foods, blacklists American companies; Mardi Gras 2025 security at historic level following New Year's attack.
Consumer impact amid escalating trade war
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down how China and other countries are responding to President Trump's tariffs and the impact on consumers.
China responds to Trump's new tariff threat
Some world leaders have offered to negotiate tariffs on U.S. products as President Trump's reciprocal tariffs are set to take effect. Meanwhile, China has threatened to take countermeasures if Mr. Trump imposes an additional 50% tariff. The uncertainty has some business owners worried how much prices will rise. CBS News' Weijia Jiang has more.
Nick Reiner, son of Rob Reiner and wife Michele, arrested for their murders
Nick Reiner, a son of director Rob Reiner and his wife Michele, has been arrested on murder charges following their deaths, police said.
Police release new videos of person of interest as Brown shooting manhunt continues
Police on Monday renewed their search for the gunman who killed two Brown University students and wounded nine others.
Trump files $10B lawsuit against the BBC over editing of his Jan. 6 speech in documentary
President Trump filed a defamation lawsuit against the BBC on Monday over a documentary that spliced parts of his Jan. 6, 2021, speech on the Ellipse.
U.S. military hits 3 more alleged drug boats in Pacific, killing 8
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
White House ballroom to be completed in Summer 2028, Park Service says
President Trump's White House ballroom addition is expected to be finished a few months before the 2028 elections.
Pentagon "escalating" review of Sen. Kelly over video on illegal orders
The Pentagon says it is "escalating" a probe into Sen. Mark Kelly, one of six Democratic lawmakers who urged service members to "refuse illegal orders."
Brown University students recall barricading on campus: "Felt dystopian"
One Brown student recalled barricading for four hours in the Sciences Library building after a gunman shot and killed two students at a nearby engineering building on Saturday.
Trump designates illicit fentanyl as a weapon of mass destruction
President Trump signed an order designating illicit fentanyl as a weapon of mass destruction, directing agencies to do more to combat the drug.
7 highlights from Erika Kirk's CBS News town hall
Erika Kirk recalls the emotional fog of Charlie Kirk's assassination, addresses conspiracy theories and takes questions during a CBS News town hall hosted by Bari Weiss.
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Powerball estimated jackpot rises to $1.25 billion, 6th biggest in its history
Powerball's jackpot rose to an estimated $1.25 billion — the sixth-largest in its history — after no tickets came up winners of Monday night's grand prize of roughly $1.14 billion.
U.S. military hits 3 more alleged drug boats in Pacific, killing 8
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
Brown University students recall barricading on campus: "Felt dystopian"
One Brown student recalled barricading for four hours in the Sciences Library building after a gunman shot and killed two students at a nearby engineering building on Saturday.
Anthony Geary, "General Hospital" star, dies at age 78
Anthony Geary, who played Luke Spencer on the long-running soap opera "General Hospital," has died.
Trump designates illicit fentanyl as a weapon of mass destruction
President Trump signed an order designating illicit fentanyl as a weapon of mass destruction, directing agencies to do more to combat the drug.
MoneyWatch
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New York accuses UPS of stealing wages from thousands of seasonal workers
New York Attorney General Letitia James said UPS "played the Grinch" by allegedly shorting seasonal workers on their pay.
Spotify says it's investigating after thousands of users report outages
Tens of thousands of Spotify users reported outages on Monday, with some saying they had lost access to their playlists.
Touting Warner Bros. offer, Netflix execs vow to keep releasing movies
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
Roomba maker iRobot files for bankruptcy, sells itself to Chinese company
iRobot, which introduced the Roomba vacuum cleaner in 2002, vows to continue supporting its products despite Chapter 11 filing.
A guide to "Made in America" holiday gifts, state by state
The Made in America Holiday Gift Guide, promoting products made in the U.S., includes more than 150 companies from all 50 states. For small business owners, being included in this year's gift guide feels close to a Christmas miracle.
Politics
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U.S. military hits 3 more alleged drug boats in Pacific, killing 8
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
Pentagon "escalating" review of Sen. Kelly over video on illegal orders
The Pentagon says it is "escalating" a probe into Sen. Mark Kelly, one of six Democratic lawmakers who urged service members to "refuse illegal orders."
White House ballroom to be completed in Summer 2028, Park Service says
President Trump's White House ballroom addition is expected to be finished a few months before the 2028 elections.
Hong Kong activist Lai's daughter says she's "grieving" sedition conviction
Hours after Jimmy Lai, a pro-democracy newspaper owner in Hong Kong, was found guilty on sedition charges, his daughter told reporters she hopes international pressure can spare her father.
Trump files $10 billion lawsuit against the BBC
President Trump filed a defamation lawsuit against the BBC on Monday over a documentary that spliced parts of his Jan. 6, 2021, speech on the Ellipse.
HealthWatch
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He made his brothers see a cardiologist. Each had advanced heart disease.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
Millions of Americans could see health plan costs double as ACA credits vanish
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Vaccine vote signals turbulence for immunization policy, public trust
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Botulism outbreak tied to ByHeart products includes 51 babies in 19 states
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
Extended interview: Dr. Rochelle Walensky
CBS News chief medical correspondent Dr. Jon LaPook speaks at length with former CDC director Dr. Rochelle Walensky about the hepatitis B vaccine and last week's vote by the CDC's vaccine advisory panel to change the recommendation for when children should get their first dose of the vaccine.
World
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U.S. military hits 3 more alleged drug boats in Pacific, killing 8
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
Hong Kong activist Lai's daughter says she's "grieving" sedition conviction
Hours after Jimmy Lai, a pro-democracy newspaper owner in Hong Kong, was found guilty on sedition charges, his daughter told reporters she hopes international pressure can spare her father.
Woman says dad died a hero throwing bricks at Bondi Beach attacker
Sheina Gutnick's dad came to Australia to escape persecution for his Jewish faith, and his murder in Bondi has left her feeling "betrayed by the government."
Army identifies two American soldiers killed in attack in Syria
Two members of the Iowa National Guard and a U.S. civilian interpreter were killed in Palmyra, Syria on Saturday after an ISIS gunman ambushed them, according to the Pentagon.
Rabbis, a young girl and a Holocaust survivor among Bondi Beach victims
Family and friends say Rabbi Eli Schlanger, who helped plan the targeted Hanukkah event on Bondi Beach, was among the 15 people killed.
Entertainment
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Anthony Geary, "General Hospital" star, dies at age 78
Anthony Geary, who played Luke Spencer on the long-running soap opera "General Hospital," has died.
Extended interview: Kate Hudson & Hugh Jackman
In this web exclusive, Hugh Jackman and Kate Hudson, stars of the new film "Song Sung Blue," talk with Tracy Smith about playing Mike and Claire Sardina – real, not-very-famous musicians who performed a tribute act pretending to be very-famous musicians Neil Diamond and Patsy Cline. They also discuss singing, Neil Diamond's songs, and the Oscars (including, as Jackman was, being nominated opposite Daniel Day-Lewis).
Rob Reiner's political activism included landmark wins for marriage equality
Known as a popular Hollywood director, Rob Reiner also had a lengthy record of political and civic activism, especially in California.
Touting Warner Bros. offer, Netflix execs vow to keep releasing movies
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
From the archives: Rob Reiner
In this Aug. 15, 2010 "Sunday Morning" profile, actor, writer and director Rob Reiner talked with Russ Mitchell about starring in the classic sitcom "All in the Family," and directing such hits as "Stand By Me," "The Princess Bride," "When Harry Met Sally" and "A Few Good Men."
Technology
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Spotify says it's investigating after thousands of users report outages
Tens of thousands of Spotify users reported outages on Monday, with some saying they had lost access to their playlists.
Roomba maker iRobot files for bankruptcy, sells itself to Chinese company
iRobot, which introduced the Roomba vacuum cleaner in 2002, vows to continue supporting its products despite Chapter 11 filing.
How AI powered robots are helping small farms
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What's next after Trump's AI rule order?
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College grads struggling to launch careers
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Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
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"Space gum" discovered in asteroid Bennu samples, NASA reveals
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CEO of genetics firm says parents have a right to choose unborn child's traits
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Sick ants invite self-sacrifice to save colony: "Come and kill me"
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Crime
Ex-NYPD detective sergeant on Brown shooting
A desperate search is underway for the gunman in Saturday's shooting at Brown University. Felipe Rodriguez, former New York City Police detective sergeant, joins CBS News to discuss the next steps in the investigation.
Early timeline of Reiner investigation
Police arrested Nick Reiner on murder charges Monday morning after the deaths of his parents, Rob and Michele. CBS News correspondent Jonathan Vigliotti reports.
Australia eyes stricter gun laws after attack
At least 15 people were killed and 40 others wounded in a shooting at one of Australia's most popular beaches on Sunday during the first night of Hanukkah celebrations. CBS News' Anna Schecter has the latest.
New person of interest in Brown shooting
Police in Rhode Island are searching for a new person of interest in the wake of Saturday's deadly shooting at Brown University. CBS News legal reporter Katrina Kaufman has the latest from Providence.
Brown University student recounts shooting
After three days, the Brown University shooter remains at large. Talia Levine, a senior at Brown University, joins "The Takeout," to share what she experienced during Saturday's shooting.
Space
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Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
"Wet lava ball" exoplanet may have an atmosphere, evidence shows
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA says Maven spacecraft that was orbiting Mars has gone silent
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Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
3-man crew undocks from space station, wrapping up 8-month stay
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Latest CBS News Videos
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Rob Reiner strove to capture human experience
Lesley Stahl quoted Norman Lear when she profiled Rob Reiner earlier this year, "Rob's movies all have a human dearness to them." Reiner responded by citing one of his longtime influences and reflecting on how his work attempted to capture both the comedy and tragedy of the human experience, stories told with layers of meaning. Rob Reiner and his wife of 36 years, Michele, were found killed Sunday in their Los Angeles home.
Rob Reiner's change to "When Harry Met Sally"
Rob Reiner's life changed while he was making "When Harry Met Sally." He met Michele, who would become his wife of 35 years. Reiner said the budding relationship led him to change the indelible film, telling Lesley Stahl the couple hit it off and it changed his perspective on the story. Rob and Michele Singer Reiner were killed Sunday in what police are investigating as a homicide.
A look back at Rob Reiner's life and career
Rob Reiner, the son of a comedy giant who became one himself with movies such as "The Princess Bride," "When Harry Met Sally…" and "This is Spinal Tap," is being remembered for his iconic contributions to entertainment following the news of his death. Vladimir Duthiers has his obituary.
ICE agents clash with Minnesota residents
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250,000 packages stolen per day, study finds
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