Why Trump paused reciprocal tariffs
What was behind President Trump's abrupt turnaround on tariffs? Margaret Brennan has been working her sources.
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What was behind President Trump's abrupt turnaround on tariffs? Margaret Brennan has been working her sources.
President Trump announced a 90-day pause on most of his new tariffs, sending the U.S. stock market surging. At the same time, the president said he's increasing the tariff rate on goods imported from China to 125%. Ed O'Keefe and Anna Coren have details.
Years after losing to Donald Trump in the 2016 Republican primary, former Ohio Gov. John Kasich remains a critic of the president. Kasich joins "America Decides" to discuss his new book, "Heaven Help Us," and to unpack the first months of Mr. Trump's second term.
President Trump's tariffs on China are up to 125%. Meanwhile, President Trump announced that most "reciprocal" tariffs are paused for 90 days. CBS News' Jill Schlesinger and Kelly O'Grady answer viewers' questions about how tariffs will impact them.
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
The tariff announcements and policy updates out of the White House have been changing rapidly. CBS News MoneyWatch correspondent Kelly O'Grady gives an overview. And one of the biggest beneficiaries of the "reciprocal" tariffs may be the U.S. resale market. Poshmark CEO Manish Chandra joins "The Daily Report" to discuss. Then, CBS News' O'Grady and Jill Schlesinger answer your questions.
Since the Trump administration announced sweeping new tariffs, there's been mixed messaging from the White House. President Trump announced Wednesday that higher levies on the vast majority of America's trading partners will be paused for 90 days. CBS News' Weijia Jiang, Jill Schlesinger and Kelly O'Grady report and answer viewer questions.
President Trump announced Wednesday that he's pausing tariffs on many countries for 90 days while raising tariffs on China to 125%. Democratic Rep. Jasmine Crockett of Texas joins "America Decides" with her reaction.
President Trump is working to win over House Republican holdouts on the party's budget plan. At a fundraiser Tuesday night, the president told them to "close your eyes and get there." CBS News congressional correspondent Nikole Killion reports.
China, the world's second-largest economy, was the only country not included in President Trump's 90-day tariff pause on Wednesday. CBS News political director Fin Gómez is tracking the tariff response inside the West Wing.
President Trump announced a 90-day pause on his reciprocal tariffs on Wednesday, with most nations getting a break except China, which is now facing a 125% levy. CBS News business analyst Jill Schlesinger has more.
President Trump walked back his "reciprocal" tariffs Wednesday, announcing that higher levies on most nations will be put on pause for 90 days. Gene Sperling is the former director of the National Economic Council and assistant to the president for economic policy under former Presidents Bill Clinton and Barack Obama and was a senior adviser to former President Biden. Vance Ginn was the chief economist for the White House's Office of Management and Budget during President Trump's first term. They join "The Daily Report" with analysis.
Consumers appear to be buying more as the threat of reciprocal tariffs raising everyday product prices looms, but experts warn against it.
President Trump took questions Wednesday in the Oval Office after announcing a pause on reciprocal tariffs for most countries. See his remarks.
Wall Street surged Wednesday after President Trump announced a 90-day pause on reciprocal tariffs for many countries. CBS News' Maurice DuBois anchors a special report.
The Trump administration's imposition and walkback of tariffs has led to stock volatility and sparked worries of a global trade war and recession.
White House spokeswoman Karoline Leavitt said President Trump's tariffs represented "the art of the deal."
U.S. trade representative Jamieson Greer went before the House Ways and Means Committee Wednesday to testify about President Trump's tariffs. During the hearing, Mr. Trump announced he was putting a 90-day pause on reciprocal tariffs against most countries but raising tariffs on China to 125%.
President Trump announced Wednesday he is increasing tariffs on China to 125% while suspending reciprocal tariffs "beyond" 10% on other U.S. trade partners for the next 90 days. Mr. Trump discussed the decision during an event in front of the White House. CBS News' Aaron Navarro, Taurean Small and Kelly O'Grady have more.
The stock market skyrocketed Wednesday after President Trump unexpectedly announced there would be a pause on reciprocal tariffs against most countries. The president said levies against China would be increased. Lindsey Reiser anchored CBS News' team coverage.
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
President Trump on Wednesday announced a 90-day tariff reciprocal pause for most countries, but raised tariffs further against China. Following comments from the White House, Maurice DuBois anchored a CBS News special report on the development with Elizabeth Cook anchoring continuing coverage.
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
Treasury Secretary Scott Bessent is warning other nations against escalation after facing tariffs from the Trump administration. This comes as President Trump suggests Americans should "be cool" and not fret as stocks slide. CBS News' Jill Schlesinger and Weijia Jiang report.
Small business leaders are raising red flags over Trump's sweeping tariffs, warning of possible job cuts and rising prices. Wildfang CEO Emma McIlroy shares how her company is preparing.