Reporter's Notebook: Who pays for tariffs?
As officials debate who pays for tariffs, small business owners say the answer is on their import bill. "CBS Evening News" co-anchor John Dickerson explains.
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As officials debate who pays for tariffs, small business owners say the answer is on their import bill. "CBS Evening News" co-anchor John Dickerson explains.
Treasury Secretary Scott Bessent told a House committee on Wednesday that he and U.S. trade representative Jamieson Greer will hold trade talks with Chinese officials in Switzerland on Saturday. CBS News senior White House correspondent Weijia Jiang reports.
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
One industry reeling from President Trump's tariffs is American toy makers. Jay Foreman, CEO of Basic Fun!, the toymaker selling brand names like My Little Pony, Tonka Trucks and Lincoln Logs, joins CBS News to discuss the impact.
Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will sit down with their Chinese counterparts in Switzerland for trade talks this weekend, but they'll do so after President Trump said the U.S. will not lower tariffs against China to kick-start talks. CBS News White House reporter Aaron Navarro has the newest details.
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Ford Motor cites higher U.S. tariffs as one reason why the automaker is raising prices for three of its cars.
Michigan auto industry braces for Trump’s 25% tariffs on imported car and auto parts; Trump announces 10% tariff on all countries and additional specific reciprocal tariffs on “worst offenders”
President Trump set to unveil expansive global tariffs from White House Rose Garden; Real ID deadline approaches as millions of Americans still lack key identification card.
Global trade tensions rise as President Trump plans to unveil sweeping new tariffs; Wife of Maryland man mistakenly deported pushes back on White House claims her husband is a criminal.
Canadian Prime Minister Mark Carney told reporters on Tuesday that Canada is "never for sale" in an Oval Office meeting with President Trump. CBS News chief White House correspondent Nancy Cordes is at the White House with more details.
Kent International, one of Walmart's biggest bicycle suppliers, cancelled its new orders from China for April, and it doesn't have any plans to place new orders in May.
President Trump met face-to-face with Canada's newly-elected Prime Minister Mark Carney on Tuesday. CBS News White House reporter Aaron Navarro has the details.
The U.S.-China meetings could mark a key moment as the two countries face steep tariffs on each other's goods.
President Trump is not giving up on his idea of acquiring Canada. "Never say never," he said Tuesday.
American businesses, large and small alike, are adjusting to the Trump administration's trade war with China. Tom Hanson reports one major company is halting shipments altogether.
The U.S. is buying even more goods from other countries amid President Trump's sweeping tariffs. Kelly O'Grady explains.
For months, President Trump has taunted Canada by claiming it should become America's 51st state. But the country's new prime minister pushed back in an Oval Office meeting. Weijia Jiang reports.
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
Canadian Prime Minister Mark Carney told President Trump that his country is unequivocally not for sale during their in-person meeting on Tuesday. Politico White House reporter Megan Messerly and The Hill national political reporter Julia Manchester break it down.
President Trump and Canadian Prime Minister Mark Carney had a somewhat tense meeting in the Oval Office on Tuesday. Mr. Trump said he wants friendship with the U.S.'s northern neighbor, despite trade tensions, but won't give up on the idea of turning Canada into the 51st state. CBS News' Aaron Navarro and Jackson Proskow from Canada's Global News report.
Flower prices could be higher this year due to tariffs enacted by President Trump.
Treasury Secretary Scott Bessent told lawmakers at a House hearing on Tuesday that the U.S. is not yet engaged in trade negotiations with China.
President Trump is 100 days into his second term in office. This comes as more data is emerging about the state of the economy and how Americans are feeling about their wallets and the president's tariffs. CBS News contributor Javier David has more.