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.
Watch CBS News
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.
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.
As the Los Angeles area continues to rebuild after January's devastating wildfires, tariffs threaten to hinder the process. Carter Evans reports on how the new duties could slow building and increase the costs.
The trade war is making business at JaZams toy store anything but fun and games. To get ahead of tariffs, owners Joanne Farrugia and Dean Smith dipped into their cash savings, spending $400,000 to stockpile toys and books. Nancy Chen reports.
President Trump vowed there will be no pause to his wave of global tariffs. Despite the negative impact on the markets, and the increasing uncertainty about small and large businesses alike, the president promises his tariff plan will revive America's manufacturing sector. Josh Bivens, chief economist at the Economic Policy Institute, joins to discuss.
What do President Trump's sweeping tariffs mean for the average U.S. household? Ernie Tedeschi, director of economics at Yale University's Budget Lab, joins CBS News to discuss. Then, Kate Gulliver, chief financial officer at Wayfair, joins to explain what customers can expect moving forward.
Monday was a rollercoaster day for the markets as investors looked to make sense of President Trump's tariff policies. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Some influential business leaders who supported President Trump's return to the White House are expressing buyer's remorse as the fallout from Mr. Trump's sweeping tariffs continues. Julia Manchester, national political reporter for The Hill, and Dave Weigel, political reporter for Semafor, join "America Decides" to discuss.
President Trump threatened to impose additional tariffs on China even as markets saw another turbulent day of trading on Monday. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins "America Decides" to share his perspective.
President Trump said Monday he was not considering a pause on tariffs as Wall Street and world markets saw continued volatility. CBS News' Aaron Navarro, Kelly O'Grady and Nikole Killion have the latest.
The U.S. stock market opened down sharply Monday, teeing up to be the third straight day of major losses after President Trump announced sweeping tariffs on trading partners last week. Global markets also tumbled on Monday as the Trump administration continued to defend its tariff plan. CBS News' Kelly O'Grady, Ramy Inocencio and Caitlin Huey-Burns have the latest.
Financial markets overseas tumbled on Monday amid the economic fallout from President Trump's tariffs announcement last week. On Sunday, Mr. Trump stood by his trade policies as larger reciprocal tariffs on dozens of countries are set to go into effect later this week.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the global and U.S. market tumble amid President Trump's latest tariffs, how to financially protect yourself and what to know about the risks of a recession.
The impact of President Trump's sweeping tariffs continues to impact global markets as European and Asian stocks saw drops Monday morning. U.S. stock futures indicate it could be another tough day on Wall Street as Mr. Trump defends his tariff plan. CBS News' Natalie Brand has the latest.
The White House is standing behind President Trump's tariffs even after stock markets around the world crumbled. Weijia Jiang has the latest.
Nearly a year's worth of stock market gains was wiped out on Thursday and Friday, after President Trump announced sweeping tariffs against virtually every nation on Earth, causing the Federal Reserve to warn of potentially higher unemployment and inflation. Correspondent Jo Ling Kent looks at how Trump's trade war may affect consumers and small business owners.
Friday was the second straight day of dramatic losses on Wall Street. One big factor is China announcing that it would impose 34% retaliatory tariffs on American goods in response to President Trump's tariff plan. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Friday was the second straight day of dramatic losses on Wall Street. One big factor is China announcing that it would impose 34% retaliatory tariffs on American goods in response to President Trump's tariff plan. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
A 25-hour speech on the Senate floor, the costliest judicial race in U.S. history, President Trump's tariffs and a tanking stock market that followed are some of the most significant political moments from the past week. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
President Trump's sweeping global tariffs sent U.S. stocks tumbling for a second straight day, with markets faring even worse Friday. Mark Zandi, chief economist for financial services company Moody's Analytics, joins "America Decides" to discuss.
Republicans ruled the social media landscape in the 2024 election cycle. Now, some influencers who helped President Trump capture the so-called "bro vote" are expressing their concerns over this recent round of tariffs. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
Stocks plunged for a second day on Friday following President Trump's tariff announcement, with the Dow Jones down 2,200 points and the S&P 500 and Nasdaq seeing the worst back-to-back drops since 2020. CBS News' Kelly O'Grady and Fin Gómez have more.
Wall Street took another dive on Friday as the fallout from President Trump's steep tariffs continued. CBS News' John Dickerson anchors a special report.
U.S. Fed Chair Jerome Powell says the Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth.
Economists say that President Trump's wide-ranging new tariffs raise the risk of a recession or stagflation.
Former special counsel Jack Smith is testifying before the Senate Judiciary Committee as part of its investigation into his probes of President Trump.
Trump says U.S. and Iranian negotiators are talking via mediators, but insists he has "offered them NOTHING" to get a peace deal done.
CBS News New York has exclusively obtained screenshots from a source presented as text messages between Jane Doe and one of the defendants in a lawsuit alleging rape at a fraternity house at Cornell University in 2024.
Lindsay Clancy is back in a Massachusetts courtroom for the first time since her murder trial ended in a mistrial. Follow along for live updates.
Rubio claims a possible terror plot against a U.K. air base used by U.S. forces "clearly involved" a foreign actor, but there are few facts to support that.
The meeting comes as some industry leaders warn about the risks of rapid AI advancements.
About a week ago, the cybercriminal group ShinyHunters claimed it had defaced the FBI's jobs website and bragged that it had stolen data about FBI personnel and job applicants.
Michigan Democratic Senate candidate Abdul El-Sayed is making a play for Robert F. Kennedy Jr.'s "Make America Healthy Again" supporters with the release Tuesday of a new health policy platform.
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
About a week ago, the cybercriminal group ShinyHunters claimed it had defaced the FBI's jobs website and bragged that it had stolen data about FBI personnel and job applicants.
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
The Warren Sawyer ran aground on Dec. 22, 1884, while carrying 1,115 bales of cotton and 28 tons of scrap iron from New Orleans to Boston.
Former special counsel Jack Smith is testifying before the Senate Judiciary Committee as part of its investigation into his probes of President Trump.
Two U.S. aviators ejected as they were landing their plane on the USS Dwight D. Eisenhower aircraft carrier off Virginia and four sailors on the vessel were hurt in what the Navy called a "mishap."
The United States has banned nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
California food manufacturer said it is investigating after a consumer posted a video showing a rodent in a jar of the company's peperoncinis.
Airfares for round-trip U.S. flights have jumped 31% compared to the same period last year, and tickets are likely to get pricier, according to a new analysis.
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
About a week ago, the cybercriminal group ShinyHunters claimed it had defaced the FBI's jobs website and bragged that it had stolen data about FBI personnel and job applicants.
CNN, MS NOW and Politico journalists, who were banned by Trump from White House grounds this month, asked a federal court to block the press ban until the case is resolved.
Michigan Democratic Senate candidate Abdul El-Sayed is making a play for Robert F. Kennedy Jr.'s "Make America Healthy Again" supporters with the release Tuesday of a new health policy platform.
Former special counsel Jack Smith is testifying before the Senate Judiciary Committee as part of its investigation into his probes of President Trump.
The United States has banned nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
Recent outbreaks of foodborne illness and high-profile recalls have made food safety a concern of voters.
Minutes into a run, Caroline McCaffrey was struck with a massive headache. The resulting medical journey would reveal a family risk for a dangerous condition.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
New research highlights common themes shared by people who found reasons to keep living through dark times.
Rubio claims a possible terror plot against a U.K. air base used by U.S. forces "clearly involved" a foreign actor, but there are few facts to support that.
A new analysis of phone calls made on the night of the students' disappearance led to the arrests of 17 new suspects, officials said.
Large crowds in Paris and other parts of France offered a striking welcome for Pope Leo in one of Europe's most secular countries.
Charles Spencer, the brother of the late Princess Diana, spoke to "CBS Mornings" co-host Gayle King about writing his new book, "Swan Song: Diana, My Sister."
The women, who are wanted for money laundering, were arrested in an operation involving the FBI, President Abelardo de la Espriella said.
Some of country music's biggest stars are speaking out against the surge in development of massive data centers, saying the centers have negative impact on the environment and threaten a quieter way of country living. Brad Paisley, Tanya Tucker, Willie Nelson and Gavin Adcock have all said they're against data center development. Adcock joined "CBS Mornings" to share why he's speaking out now.
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
A former Ohio music pastor who appeared on the singing competition "American Idol" is on trial over allegations that he killed his wife while having an affair.
Stars stunned on the MTV Video Music Awards "teal" carpet Sunday night in Los Angeles, California. Vlad Duthiers breaks down some of the night's best moments.
Madonna and Taylor Swift won big at the 2026 MTV Video Music Awards, where artists also honored Dolly Parton's legacy and celebrated new singers making their global debuts. CBS News' Vlad Duthiers reports.
President Trump and House Speaker Mike Johnson are meeting with AI leaders to discuss the technology and potential safety guardrails. CBS News' Ed O'Keefe reports.
Some of country music's biggest stars are speaking out against the surge in development of massive data centers, saying the centers have negative impact on the environment and threaten a quieter way of country living. Brad Paisley, Tanya Tucker, Willie Nelson and Gavin Adcock have all said they're against data center development. Adcock joined "CBS Mornings" to share why he's speaking out now.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
President Trump is set to meet with the AI leaders shaping the new technology, as concerns about safety mount and China competes to dominate the market. CBS News' Aaron Navarro reports.
OpenAI halted its rollout of a new model, GPT-6.1 Astra, over safety concerns. Jo Ling Kent reports.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
CBS News New York has exclusively obtained screenshots from a source presented as text messages between Jane Doe and one of the defendants in a lawsuit alleging rape at a fraternity house at Cornell University in 2024.
U.S. and U.K. officials are saying very different things after five men were arrested in an alleged terror plot outside Britain's Fairford Air Base, which is used by the U.S. Air Force. Holly Williams reports.
Tompkins County District Attorney Matthew Van Houten is speaking out on the investigation into an alleged rape case at Cornell University in 2024 involving at least seven male students and an unidentified woman. CBS News' Lilia Luciano reports.
About a week ago, the cybercriminal group ShinyHunters claimed it had defaced the FBI's jobs website and bragged that it had stolen data about FBI personnel and job applicants.
Jonathan McKinsey, who was the director of engineering for New York Times Games, was gunned down by his elderly in-laws in a parking lot on Saturday in California, police said. Matt Gutman reports.
NASA says it is committed to helping Boeing get its Starliner back in space after multiple upgrades and improvements.
The Super Heavy-Starship rocket's 14th test flight, the first boosting the upper stage to orbit, marked a major milestone for both SpaceX and NASA.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
A bipartisan effort to overhaul the college sports industry passed in the Senate. CBS News' Nikole Killion reports.
"The Free Press" columnist Arthur Brooks argues that caring for an aging parent doesn't have to be a burden. "The Free Press" is owned by CBS News' parent company Paramount Skydance.
President Trump and House Speaker Mike Johnson are meeting with AI leaders to discuss the technology and potential safety guardrails. CBS News' Ed O'Keefe reports.
With fall and winter holidays just around the corner, many Americans are looking at rising flight prices with hesitation. Kris Van Cleave has more.