Trump tariffs have investors on edge as "Liberation Day" looms
Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
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Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
President Trump is set to unveil his long-awaited plan for broad reciprocal tariffs against other nations on Tuesday, but details on them are still slim. CBS News' Olivia Rinaldi and Kelly O'Grady report.
The Dow Jones slipped slightly on Tuesday as investors braced for President Trump's reciprocal tariff announcement. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Investors are concerned about President Trump's plans to roll out new tariffs on April 2, which economists say could reignite inflation.
From the grocery store to the car dealership, the U.S. is bracing for President Trump's looming tariffs to become a reality. On Wednesday, the president will roll out reciprocal tariffs to match any import taxes other countries have on the U.S. CBS News' Willie James Inman and Kelly O'Grady have the latest.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
The Trump administration will unveil its long-planned reciprocal tariffs this week with a 25% import tax on foreign-made cars and auto parts also set to go into effect. CBS News' Fin Gómez, Kelly O'Grady and Anthony Salvanto have more.
Newsmax's share price soared when it started trading Monday on the New York Stock Exchange under the ticker "NMAX."
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
On Friday, President Trump spoke with new Canadian Prime Minister Mark Carney for the first time, Vice President JD Vance visited a U.S. military base in Greenland as the administration pushes for a takeover of the island territory and investors dumped stocks amid tariff turmoil. CBS News' Ed O'Keefe and Jo Ling Kent have the latest.
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
President Trump withdrew New York Rep. Elise Stefanik's bid to be the next ambassador to the United Nations on Thursday, with Republicans' tight House majority likely to blame. Plus, the Dow Jones and some auto stocks dropped one day after the president announced a 25% tariff on imported cars. CBS News' Ed O'Keefe, Nikole Killion and Kelly O'Grady have the latest.
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
Investors on Wall Street are bracing for President Trump's looming tariffs on auto imports. He is expected to unveil the new duties on Wednesday. CBS News senior business and tech correspondent Jo Ling Kent reports.
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Once-bullish investors are striking a note of caution, citing risks from the Trump administration's economic policies.
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Mounting concerns about the Trump administration's trade policies are driving institutional investors away from U.S. stocks.
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.