White House defending Trump's tariffs
The White House is standing behind President Trump's tariffs even after stock markets around the world crumbled. Weijia Jiang has the latest.
Tariffs
Week in Review - Trump's tariffs
President Trump's announcement of tariffs against all the United States' trade partners sent shockwaves through the financial markets this week. CBS News reports.
Sen. Barrasso: Tariffs are a "180-degree change" from last 4 years
Sen. John Barrasso tells "Face the Nation with Margaret Brennan" that the new tariffs laid out by President Trump come as the Republican Party has a "comprehensive economic plan" to boost the American economy.
Commerce Secretary says Trump "wasn't kidding. The tariffs are coming."
Commerce Secretary Howard Lutnick said President Trump "wasn't kidding," and his reciprocal tariffs will take effect later this week.
Lutnick says new tariffs are here to stay
Commerce Secretary Howard Lutnick tells "Face the Nation with Margaret Brennan" that the new tariffs announced by President Trump are not going anywhere as they will help "reset the power of the United States of America," calling it a "national security issue."
Rep. Bacon on measure over trade authority
Rep. Don Bacon tells "Face the Nation with Margaret Brennan" that a measure to claw back Congress' authority over trade is beginning to get support from both parties after President Trump implemented widespread global tariffs.
Sen. Cantwell on measure for trade control
Sen. Maria Cantwell tells "Face the Nation with Margaret Brennan" that both Democrats and Republicans, as well as consumer interest groups, are concerned about the new tariffs by President Trump and their impact on goods in America.
Open: This is "Face the Nation," April 6, 2025
This week on "Face the Nation with Margaret Brennan," Commerce Secretary Howard Lutnick and Sen. John Barrasso discuss the new tariffs announced by President Trump. Rep. Don Bacon and Sen. Maria Cantwell discuss a measure in Congress to claw back its authority over trade and NATO Secretary General Mark Rutte discusses next steps in the Russia-Ukraine war and the impact from the tariffs on the military alliance.
Stock market rout deepens as Dow plunges more than 2,200 points
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Trump's tariffs set America's economy, and the world, on edge
Nearly a year's worth of stock market gains was wiped out on Thursday and Friday, after President Trump announced sweeping tariffs against virtually every nation on Earth, causing the Federal Reserve to warn of potentially higher unemployment and inflation. Correspondent Jo Ling Kent looks at how Trump's trade war may affect consumers and small business owners.
Threat of future tariffs on pharmaceutical imports raises alarm
In a last-minute move Wednesday, the Trump administration excluded pharmaceuticals from its retaliatory tariffs, giving consumers a break for now.
Medications from overseas may get more expensive
So far, foreign-made medicines have been spared from President Trump's trade war. But the president has vowed they could be his next target with an import tax as high as 25%. Andres Gutierrez reports.
Soybean farmer condemns Trump tariffs
China has responded to President Trump's import taxes with a 34% retaliatory tariff on all U.S. goods entering China. One industry that could be hit hard is farming, where exports account for roughly 20% of U.S. agriculture production. John Boyd, farm owner and president of the National Black Farmers Association, joins to discuss the impact.
Some snowbirds rethinking U.S. travel
As tensions mount between the U.S. and Canada, many Canadians are re-thinking travel plans to the U.S. and some snowbirds are even ditching their winter homes. Stephen Fine, the President and managing editor of Snowbird Advisor, a Canadian travel planning and insurance company, joins "The Daily Report" to discuss.
China pulls TikTok deal over tariffs
TikTok faced a Saturday deadline to find a U.S. buyer or face a potential ban. President Trump announced an extension on Friday. A deal was at the finish line but China pulled back due to Trump's tariff announcement. CBS News White House reporter Willie James Inman has the details.
Lawsuit against Trump admin. over tariffs
A conservative legal advocacy group has filed the first known legal challenge to the Trump administration's tariffs. CBS News legal contributor Jessica Levinson has more.
How big are the stock market losses?
Friday was the second straight day of dramatic losses on Wall Street. One big factor is China announcing that it would impose 34% retaliatory tariffs on American goods in response to President Trump's tariff plan. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
How big are the stock market losses?
Friday was the second straight day of dramatic losses on Wall Street. One big factor is China announcing that it would impose 34% retaliatory tariffs on American goods in response to President Trump's tariff plan. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down.
Recapping this week in politics
A 25-hour speech on the Senate floor, the costliest judicial race in U.S. history, President Trump's tariffs and a tanking stock market that followed are some of the most significant political moments from the past week. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
Impact of retaliatory tariffs on U.S. economy
President Trump's sweeping global tariffs sent U.S. stocks tumbling for a second straight day, with markets faring even worse Friday. Mark Zandi, chief economist for financial services company Moody's Analytics, joins "America Decides" to discuss.
Tariffs make some influencers turn on Trump
Republicans ruled the social media landscape in the 2024 election cycle. Now, some influencers who helped President Trump capture the so-called "bro vote" are expressing their concerns over this recent round of tariffs. Political strategists Joel Payne and Kevin Sheridan join "America Decides" with analysis.
What Trump's tariffs mean for stockholders
Stocks plunged for a second day on Friday following President Trump's tariff announcement, with the Dow Jones down 2,200 points and the S&P 500 and Nasdaq seeing the worst back-to-back drops since 2020. CBS News' Kelly O'Grady and Fin Gómez have more.
Future tariffs could impact drug prices
About 90% of prescription drugs are generics, and half of those are made in India. The Trump administration excluded foreign-made prescriptions from tariffs, but there are worries that those could come in the future. CBS News reporter Andres Gutierrez has more.
Americans react to Trump's new tariffs: "Buckle up and get ready for the ride"
President Trump's tariffs have sent markets spiraling and shockwaves through the American economy.
Stocks tumble for second straight day
Wall Street took another dive on Friday as the fallout from President Trump's steep tariffs continued. CBS News' John Dickerson anchors a special report.
Poll finds Democrats still boosted by voters' economic concerns
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