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.
Analytics firm connects bets made on war with signs of insider trading
More than $1 billion has been bet online on military decisions and outcomes this year on Polymarket. Some wagers have been suspiciously timed, with information seemingly coming from insiders.
Live
Trump says "Clock is Ticking" for Iran as shaky ceasefire continues
President Trump said "there won't be anything left of them" if Iranian leaders do not "get moving, FAST."
CBS News poll finds many voice frustration with Trump's economic approach
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At least 6 Americans in Congo were exposed to Ebola virus, sources say
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Taiwan representative to U.S.: "We're not the ones creating all this trouble"
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
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Letlow, Fleming advance to runoff in Louisiana GOP Senate primary, CBS News projects
Incumbent GOP Sen. Bill Cassidy, who had occasionally broken with the Trump administration, lost his bid for a third term.
Fighter jets crash in midair during air show at Idaho Air Force base
The Mountain Home Air Force Base said in a social media post that it was locked down following an incident during the Gunfighter Skies Air Show.
U.S.
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At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
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Fighter jets crash in midair during air show at Idaho Air Force base
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Full transcript of "Face the Nation with Margaret Brennan," May 17, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
Video shows rescuers treating mountain climber who fell 50 feet
Rescuers airlifted an injured hiker who fell about 50 feet from the summit of Washington state's Mount Si on Saturday.
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Is the answer to the housing crunch right in your own backyard?
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CBS News poll finds many voice frustration with Trump's economic approach
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Ice cream sold in 17 states recalled for potential metal fragments
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Politics
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Full transcript of "Face the Nation with Margaret Brennan," May 17, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.S. Trade Representative Jamieson Greer and Ambassador Alexander Yui, Taiwan's Representative to the U.S., join Margaret Brennan.
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Transcript: Reps. Brian Fitzpatrick and Tom Suozzi on "Face the Nation with Margaret Brennan," May 17, 2026
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Taiwan representative to U.S.: "We're not the ones creating all this trouble"
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
Transcript: Alexander Yui, Taiwan's representative to the U.S., on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Ambassador Alexander Yui, Taiwan's representative to the U.S., that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
HealthWatch
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HealthWatch
WHO: Ebola outbreak a global health emergency
Outbreaks of the deadly Ebola virus in two African countries have prompted the World Health Organization to declare a global health emergency. Imtiaz Tyab reports.
At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Version of hantavirus behind deadly outbreak matches known strain, France says
Genomic analysis showed the virus found aboard the MV Hondius shows no evidence of new characteristics so far.
Ebola outbreak in Congo and Uganda declared global health emergency
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A hospital worker felt healthy. Then he had 3 heart attacks in 4 days.
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World
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At least 6 Americans in Congo were exposed to Ebola virus, sources say
The World Health Organization this week declared the Ebola outbreak in Congo and Uganda a "public health emergency of international concern."
Transcript: Reps. Brian Fitzpatrick and Tom Suozzi on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Reps. Brian Fitzpatrick, Republican of Pennsylvania, and Tom Suozzi, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Taiwan representative to U.S.: "We're not the ones creating all this trouble"
Taiwan's representative to the U.S. Alexander Yui said on Sunday that "we want peace and stability" as Taiwan became among the most closely-watched issues in last week's summit.
Transcript: Alexander Yui, Taiwan's representative to the U.S., on "Face the Nation with Margaret Brennan," May 17, 2026
The following is the transcript of the interview with Ambassador Alexander Yui, Taiwan's representative to the U.S., that aired on "Face the Nation with Margaret Brennan" on May 17, 2026.
Irish researchers find oldest English poem in medieval book in Rome
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Entertainment
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Extended interview: Jon Favreau
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Jon Favreau on "The Mandalorian and Grogu"
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Waymos get in Atlanta traffic jam
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Iraqi man charged with terror plot: officials
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NASA maps show Earth's brightest and darkest regions at night
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NASA spacecraft to fly past Mars on voyage to rare metal asteroid
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