Americans feeling impact of Trump's trade war
President Trump's trade war is already being felt in the heartland. Americans feeling the crunch are concerned that tariffs could stretch thin budgets even thinner. Lana Zak reports.
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President Trump's trade war is already being felt in the heartland. Americans feeling the crunch are concerned that tariffs could stretch thin budgets even thinner. Lana Zak reports.
President Donald Trump's tariff plans and worsening inflation data has investors on edge. Wall Street suffered a steep sell-off on Friday, with the three major indexes all down sharply. While heading to Mar-a-Lago this weekend, Trump said he is open to carving out deals with countries looking to avoid tariffs, but that likely won't happen until after they are set to begin on Wednesday.
Wall Street's decline fueled by inflation worries and the impact of tariffs likely won't be short-lived as wider reciprocal import taxes are set to go into effect next week. Consumer confidence along with spending aren't faring much better. Jo Ling Kent joins to discuss.
Peak wedding season officially kicks off next week. The average wedding in the U.S. costs over $30,000 and event planners are warning that prices could go up from President Trump's new tariffs. CBS News MoneyWatch correspondent Nancy Chen reports.
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
President Trump's 25% tariff on imported vehicles is getting a thumbs up from the president of the United Auto Workers Union. Shawn Fain told Major Garrett the tariffs will bring jobs back to the U.S., but he said more needs to be done for workers.
In just five days, President Trump will move forward with his plan for broad reciprocal tariffs on any nation charging import taxes on American goods. He spoke with Canadian Prime Minister Mark Carney on Friday. CBS News reporter Taurean Small has more.
As the new Canadian prime minister pushes back against President Trump's tariffs, Toronto Mayor Olivia Chow says they may ruin Canada-U.S. relations forever. Chow joins "America Decides" to dive into the situation.
On Friday, President Trump spoke with new Canadian Prime Minister Mark Carney for the first time, Vice President JD Vance visited a U.S. military base in Greenland as the administration pushes for a takeover of the island territory and investors dumped stocks amid tariff turmoil. CBS News' Ed O'Keefe and Jo Ling Kent have the latest.
Airlines are seeing lower demand from Canadians looking to travel to the U.S. amid a brewing U.S.-Canada trade war.
Stocks are dropping ahead of the weekend as new data signals inflation remains stubborn. This comes as investors remain uncertain over tariffs and the future of the U.S. economy. Paul La Monica, a senior markets analysis writer at Barron's, joins CBS News with more.
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
President Trump took questions in the Oval Office where he announced the U.S. will assist Myanmar in earthquake recovery efforts. Mr. Trump also commented on his call with Canadian Prime Minister Mark Carney, the future of Greenland and the latest news on tariffs. CBS News' Scott MacFarlane has more.
President Trump said he had a productive conversation with Canadian Prime Minister Mark Carney as concerns persist over a tariff war. CBS News' Aaron Navarro reports.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
President Trump hopes 25% tariffs on auto imports will grow America's manufacturing base and reduce the nation's debt, but will it lead to short-term price spikes for American car buyers? Kelly O'Grady explains.
The new tariffs that go into effect next week will raise the cost not only of imported cars but of the parts needed to repair them. And that will mean higher premiums for car insurance. Ash-har Quraishi has more.
President Trump says he will put a 25% tariff on all foreign vehicles and auto parts imported into the U.S. Kelley Blue Book executive editor Brian Moody breaks down the potential impact.
A new CBS News poll finds that Americans' economic outlook has grown slightly more pessimistic in the past month. High prices are weighing on people, with most saying they're on the rise. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
President Trump withdrew New York Rep. Elise Stefanik's bid to be the next ambassador to the United Nations on Thursday, with Republicans' tight House majority likely to blame. Plus, the Dow Jones and some auto stocks dropped one day after the president announced a 25% tariff on imported cars. CBS News' Ed O'Keefe, Nikole Killion and Kelly O'Grady have the latest.
Billboards such as those spotted in the Metro Detroit area this week read, "Tariffs are a tax on your grocery bill."
The Dow Jones closed in the red on Thursday, with Ford stocks falling more than 3% and General Motors stocks falling more than 6% as investors reacted to President Trump's new 25% tariff on auto imports. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Canadian Prime Minister Mark Carney is reacting to news of a new tariff on foreign-made cars announced by President Trump. This comes as criticism ramps up over the Signal group text controversy plaguing the Trump administration. CBS News' Aaron Navarro and Jo Ling Kent have the latest.
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
President Trump announced potential tariffs on foreign-made cars to encourage the purchase of American-made automobiles. CBS News' Ed O'Keefe reports.
President Trump had endorsed Texas Attorney General Ken Paxton in the primary runoff.
As the U.S. and Iran keep up the bluster but appear ready to de-escalate, Israel expands deadly attacks on the complex war's other front in Lebanon.
Five villagers stuck in a flooded cave in central Laos for more than a week were found alive, rescuers said Wednesday, but two others are missing.
The damaged tank at Nippon Dynawave Packaging Co. held approximately 900,000 gallons of white liquor, a chemical used in paper processing, authorities said.
Minneapolis Police Chief Brian O'Hara has resigned following an internal investigation into his conduct, the mayor announced Tuesday evening.
Former President Joe Biden has sued the Justice Department seeking to block the release of files related to interviews he conducted with a biographer that later became a central part of a special counsel investigation into his handling of classified documents.
Hispanic voters are heading into the midterms feeling economically squeezed and increasingly skeptical of the direction of the country — but Democrats are not necessarily running away with their support, a new poll by UnidosUS finds.
Maureen Galindo lost to Johnny Garcia after accusations of antisemitism roiled the race in recent days.
An official says a fire in a London neighborhood with a large Jewish community that's been targeted repeatedly is "not believed to be suspicious."
A witness recorded what prosecutors say was a video of Igor Lytvynchuk throwing the rock at a Hawaiian monk seal at a Maui beach.
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
Former President Joe Biden has sued the Justice Department seeking to block the release of files related to interviews he conducted with a biographer that later became a central part of a special counsel investigation into his handling of classified documents.
At least 193 people have been killed in the Trump administration's campaign of missile strikes on boats it claims are trafficking drugs in Latin American waters.
A federal appeals court is giving former Columbia University graduate student Mahmoud Khalil more time to fight the Trump administration's efforts to deport him.
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
Oil prices were also mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Hispanic voters are heading into the midterms feeling economically squeezed and increasingly skeptical of the direction of the country — but Democrats are not necessarily running away with their support, a new poll by UnidosUS finds.
ICE detainees are taking their own lives at a pace that's unprecedented in the agency's two-decade history, highlighting what experts call failures in care and oversight, an AP investigation finds.
Former President Joe Biden has sued the Justice Department seeking to block the release of files related to interviews he conducted with a biographer that later became a central part of a special counsel investigation into his handling of classified documents.
Former Congressman Colin Allred defeated State Rep. Julie Johnson in Tuesday's runoff to become the Democratic nominee for Texas' 33rd Congressional District.
Maureen Galindo lost to Johnny Garcia after accusations of antisemitism roiled the race in recent days.
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
Kenneth Law is a former chef accused of running a number of online forums that offered predominantly young, distressed people advice on how to end their lives.
As the U.S. and Iran keep up the bluster but appear ready to de-escalate, Israel expands deadly attacks on the complex war's other front in Lebanon.
Five villagers stuck in a flooded cave in central Laos for more than a week were found alive, rescuers said Wednesday, but two others are missing.
London police say a fire at a kosher store in a London neighborhood with a large Jewish community that's been targeted repeatedly is "non-suspicious."
Israel says it killed the new head of Hamas's armed wing in Gaza, Mohammed Odeh, after killing his predecessor in a similar attack earlier this month.
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Pope Leo XIV warns of the dangers of artificial intelligence in his first encyclical. CBS News' Chris Livesay reports.
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Kenneth Law is a former chef accused of running a number of online forums that offered predominantly young, distressed people advice on how to end their lives.
Minneapolis Police Chief Brian O'Hara has resigned following an internal investigation into his conduct, the mayor announced Tuesday evening.
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Five of the seven people who have been stuck in a Laos cave for more than a week were found alive, rescuers said, while two others remain missing. Matt Gutman reports.
Five of the seven miners who were trapped in a flooded cave in central Laos have been rescued, but two remain missing, according to rescuers. CBS News' Ramy Inocencio reports.
A massive chemical tank implosion at a Washington state paper mill killed at least one person and left nine workers missing, authorities said. Jonathan Vigliotti reports.
Trump-backed Ken Paxton has defeated Sen. John Cornyn in Texas' GOP Senate primary runoff, CBS News projects. Jessi Mitchell anchored CBS News' special report.
NASA is planning three new moon missions this year as the race to build a lunar city takes shape. NASA officials are hoping to maintain a presence on the south pole of the lunar surface. CBS News space consultant Bill Harwood has more.