U.S. tariffs on Mexico and Canada take effect and levies on China raised
Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
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Canada, Mexico and China are hitting back with retaliatory tariffs. The moves raised fears of higher prices for U.S. consumers and a trade war.
President Trump will speak to both chambers of Congress on Tuesday night and describe his vision for the future hours after sweeping tariffs went into effect against the U.S.' three largest trading partners. CBS News' Caitlin Huey-Burns and Weijia Jiang report. Then, NOTUS reporters Jasmine Wright and Daniella Diaz join with analysis.
President Trump's plan to impose 25% tariffs on nearly all goods imported from Canada and Mexico is set to take effect Tuesday. The president also plans to impose an additional 10% tariff on Chinese imports. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The U.S. will impose 25% tariffs on imports from Canada and Mexico starting Tuesday. Tariffs on goods from China will increase from 10% to 20%. Kelly O'Grady, CBS News MoneyWatch correspondent, and Sarah McGregor, managing editor for Bloomberg News' national desk, join "America Decides" with analysis.
Several former federal workers fired as a result of the Trump administration's widespread DOGE cuts are expected to attend the president's congressional address Tuesday night at the invitation of Democrats. New reporting from the American Communities Project looks into just how far-reaching these mass layoffs are. The Project's director and founder Dante Chinni joins "America Decides" to unpack the findings.
Investors wary of President Trump's plan to add tariffs of 25% on imports from Mexico and Canada, as well as a negative GDP forecast.
Ukraine also brings divisions; Trump's immigration efforts rate well, but many look for more inflation focus.
A grassroots effort is asking American consumers to refrain from making purchases at major retailers for one day in February.
Coffee bean prices have jumped nearly 20% since the beginning of the year after severe drought and flooding over past two years in Brazil and Vietnam have crippled bean production. Kelly O'Grady reports.
The Federal Reserve's key measure of inflation cooled slightly in January. The personal consumption expenditures price index, which measures price changes for consumers, rose .3% since last month and 2.5% since this time last year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
An economic blackout has been planned for Friday. The movement calls on consumers to avoid all unnecessary spending, especially at major retailers. The boycott aims to call attention to higher costs on everything from food to housing. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Washington Post owner Jeff Bezos is implementing major changes to the outlet's opinion page, adjusting what columnists can and cannot write about. CBS News legal contributor Jessica Levinson breaks down any legal red flags and whether it could set a precedent for other legacy media outlets.
Americans express concern about their ability to pay bills and save money.
Most Americans believe their incomes aren't keeping pace with inflation, according to a new CBS News poll. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.
CBS News business analyst and certified financial planner Jill Schlesinger shares expert financial advice, drawing from her "Jill on Money" radio show and podcast.
Figures do not include layoffs ordered by the Department of Government Efficiency. Analysts expect those to show up in coming weeks.
President Trump has vowed to enact the largest mass deportation effort in U.S. history. However, one Atlanta business owner doesn't see a world where the president can fix the economy while deporting many undocumented immigrants.
The Trump administration ordered the termination of more than 6,000 Internal Revenue Service employees last week. According to a local union, that includes roughly 1,000 IRS workers in Kansas City alone. Donna Ginther, director of the Institute for Policy and Social Research at the University of Kansas, joins "America Decides" to discuss the potential economic ramifications.
Americans are more worried now about the economy, according to a new report. The Consumer Confidence Index fell more than seven points this month, the largest monthly decline in nearly four years. CBS News MoneyWatch correspondent Kelly O'Grady explains what could be driving consumers' concerns.
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years. Kelly O'Grady explains.
Apple has committed to investing $500 billion in the U.S. over the next four years. CEO Tim Cook says the investment will include the creation of a 250,000-square-foot artificial intelligence server manufacturing factory near Houston. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Cumberland, Maryland, is one of more than 70 places that have paid people to relocate over the past five years.
Cumberland, Maryland, is one of dozens of places offering financial incentives to people willing to relocate. Nancy Chen reports on how the rise of remote work is making it easier for struggling cities and towns to revitalize their economies.
As the bird flu outbreak impacts egg shortages and prices, some people are turning to renting or buying backyard chickens.