Powell: Trump tariffs delayed rate cuts
Federal Reserve Chair Jerome Powell said Tuesday the Trump administration's tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Tariffs
The Trump tariffs aren't causing U.S. prices to spike. Here's why.
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
Why GE Appliances says it's ready to bring 800 jobs back to the U.S.
GE Applicances joins the list of companies investing in U.S. manufacturing in new tariff environment under President Trump.
Tariffs could mean fewer — and pricier — fireworks displays this July 4
The U.S. trade war with China has sharply curbed fireworks imports. "The timing of the tariffs couldn't have hit at a worse time," one industry rep says.
Trump's tariffs could impact fireworks cost
President Trump's steep tariffs could impact the price of fireworks, which are mostly manufactured in China. CBS News' Shanelle Kaul has more.
White House reacts to Canada trade talks
The White House released a statement following Canadian Prime Minister Mark Carney announcing that trade talks with the U.S. have resumed after Canada dropped its planned digital services tax. Akin Oyedele, a deputy editor at Business Insider, joins with more details.
Trump's global tariff deadline looms
President Trump said he does not plan to extend the 90-day tariff pause he imposed for countries to negotiate trade deals. Mr. Trump also commented on a potential buyer for TikTok. CBS News MoneyWatch correspondent Kelly O'Grady has more on what the looming tariffs mean for Americans.
Canada drops tech tax, resumes U.S. talks
Canadian Prime Minister Mark Carney said that trade talks with the U.S. have resumed after Canada dropped its planned digital services tax. Also, President Trump said over the weekend that he doesn't plan to extend his 90-day tariff pause he imposed for countries to negotiate trade deals. CBS News business contributor Javier David joins with more details.
Canada PM says trade talks with U.S. resuming
Canadian Prime Minister Carney says U.S.-Canada trade talks are resuming Canada rescinded its plan to tax U.S. technology firms, a plan President Trump blasted.
How tariffs are affecting firework sales
Most fireworks come from China, but this year, some shipments were complicated by President Trump's tariffs. Shanelle Kaul reports.
Kansas furniture store owner forced to shutter due to tariffs
Henrik Svendsen said President Trump's trade war is making the furniture he sells unaffordable to import and unaffordable for customers.
Furniture store closing over tariffs, owners says
Most will see just a furniture store when they visit My Home Contemporary Furniture in Merriam, Kansas, but for owner Henrik Svendsen, it's the culmination of his life's work. Tariffs are now threatening that. Ian Lee reports.
Stock market ends day in green
The S&P 500 and Nasdaq both hit new record highs earlier on Friday, led by news of the trade deal between the U.S. and China. However, the numbers closed mixed after the president pulled the plug on trade talks with Canada. MarketWatch tech and investing reporter Laila Maidan has more.
Why Trump cancelled trade talks with Canada
President Trump said Friday the U.S. will stop all trade talks with Canada, effective immediately. CBS News chief White House correspondent Nancy Cordes has the details.
S&P 500 closes at record high, marking sharp snapback after April plunge
The S&P 500 and Nasdaq notched new all-time highs, buoyed by easing trade tensions and hopes for lower interest rates.
Trump says he's "terminating all discussions on trade with Canada"
President Trump said he'll let Canada know what their tariff rate on exports to the U.S. will be soon.
May 23: CBS News 24/7, 1pm ET
President Trump threatens to hit Apple with a 25% tariff on iPhones made outside the U.S.; Astronaut Suni Williams delivers commencement speech at Merrimack College in Massachusetts.
May 23: CBS News 24/7, 10am ET
President Trump threatens 50% tariffs on the EU and 25% penalties on Apple if it doesn't shift some of its iPhone production to the U.S.; Minneapolis marks 5 years since George Floyd's death.
Trump touts U.S.-China trade deal
A White House official says the June talks with China over certain aspects of trade with the U.S. have been formalized into an agreement. CBS News' Weijia Jiang reports.
Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Maura Healey on Canadian trade
Five governors met with Canadian leaders in Boston amid tariff uncertainty. Massachusetts Democratic Gov. Maura Healey joins "The Takeout" with more.
Tariffs are pushing up remodeling costs. Here's how to save money.
Tariffs are making building materials, including lumber and steel and aluminum, more expensive. Here are some tips for saving.
Tariffs push renovation costs higher
With new tariffs raising the cost of key building supplies like lumber, steel, and appliances, contractors say homeowners could see project costs skyrocket. Nancy Chen speaks with builder David Perotti on how to save money and navigate the price hikes.
More Americans want to buy used cars over tariffs
A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs. Kelly O'Grady reports.
Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
More than 1,000 arrested in France as protestors and police clash
Iran has "increased efforts to target U.S. personnel," intel chief warns
Ukraine says Starlink speed restored after long disruption
Live
Iran says U.S. military not allowed in Gulf "under any circumstance"
ICE crackdown prompts some Texas Latinos to turn away from Trump
DOJ sues to block Alaska Senate certification if Sullivan loses
Rubio calls on Cubans seeking "positive change" to work with CIA
President Trump, first lady vote early in person in Florida
