Trump threatens to jack up tariffs on China over rare-earth controls
President Trump is vowing to retaliate if China enforces stricter curbs on exports of materials used in electronics, defense weapons and high-tech products.
Watch CBS News
President Trump is vowing to retaliate if China enforces stricter curbs on exports of materials used in electronics, defense weapons and high-tech products.
The Dow Jones closed down on Friday after President Trump threatened new tariffs on China. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising. CBS News contributor Javier David has more.
With harvest season underway, farmers like Scott Gaffner are worried about what comes next amid a Chinese boycott of American soybeans.
Farmers across the U.S. are grappling with unsold produce as they navigate higher costs from the Trump administration tariffs. CBS News' Lana Zak spoke with farmers who are worried about their livelihoods.
It's prime harvest season in southern Illinois, but for soybean farmers like Scott Gaffner, what's usually a time of reward is now a season of worry. Janet Shamlian reports.
President Trump took questions in the Oval Office on Tuesday while meeting with Canadian Prime Minister Mark Carney about tariffs and a potential trade deal. CBS News' Nancy Cordes has more details.
Soybean farmers have been hit particularly hard, as China boycotts American soybeans.
CBS News has learned the Trump administration could announce a multi-billion dollar financial relief package this week for farmers being hurt by the president's trade war with China. Lana Zak talked to soybean farmers fearing they may be forced out of business.
The Supreme Court began a new term on Monday, with presidential powers looming large on the docket. CBS News chief legal correspondent Jan Crawford joins to preview the key cases the justices will hear.
The Supreme Court is set to tackle some high-profile cases as it begins its new term Monday. CBS News' Jan Crawford has more on what to expect.
Farmers are grappling with the impact of the Trump administration tariffs and the ongoing government shutdown. Minnesota Farmers Union President Gary Wertish joins CBS News with more.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down how much drug prices will be impacted as pharmaceutical tariffs go into effect Wednesday. The tariffs come as President Trump announced plans to launch "TrumpRx" – a new way to buy certain drugs at a discounted price.
"The last thing we want to do is just keep raising prices on our guests," Gregory's Coffee founder Gregory Zamfotis said. That might be easier said than done.
While the tariffs will impact everyone to some degree, experts say more of the pain will be felt by lower-income consumers.
America's farmers are caught in a crisis between a combination of high operating costs, low commodity prices and lost markets. Lana Zak reports.
President Trump announced a 100% tariff on pharmaceutical drugs, a 50% tariff on kitchen cabinets and bathroom vanities, a 30% tariff on upholstered furniture and a 25% tariff on heavy trucks.
President Trump announced that the U.S. would impose a new round of tariffs, including a 100% tariff on pharmaceutical drugs, a 30% tariff on upholstered furniture, a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tariff on heavy trucks. Jo Ling Kent explains.
President Trump has announced a new round of tariffs that are set to take effect next week. CBS MoneyWatch correspondent Kelly O'Grady reports.
President Trump announced a new round of tariffs that may impact the costs of pharmaceutical drugs, upholstered furniture, kitchen cabinets and bathroom vanities. CBS News' Kelly O'Grady reports on the tariffs set to take effect on Oct. 1.
President Trump announced on Thursday new tariffs set to take effect next Wednesday, including a 100% tariff on pharmaceutical drugs. There will also be tariffs on a broad range of imported goods, such as kitchen cabinets, some furniture and trucks. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The U.S. government has reported its final second-quarter revision, which found that the U.S. gross domestic product grew at a strong 3.8% pace. The Director of the National Economic Council, Kevin Hassett, joins "The Takeout" to discuss.
Retailers are expected to hire fewer seasonal workers this year as tariffs and inflationary pressures roil the economy.
President Trump's sweeping global tariffs could impact the U.S. economy hard in 2026, the Organisation for Economic Co-operation and Development warns. Paul Hannon, an economics editor for The Wall Street Journal, breaks it down.