Impact of Trump's tariff on foreign-made cars
President Trump on Wednesday announced a 25% tariff on automobiles made outside the U.S. CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down the impact for consumers.
Tariffs
Stocks shift into reverse as Trump rolls out new auto tariffs
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
Trump announces 25% tariffs on all imported cars
President Trump announced a 25% tariff on automobiles and light trucks imported into the U.S. that will take effect April 2, escalating his administration's use of aggressive trade measures in an effort to boost domestic manufacturers. Jo Ling Kent has more.
Trump imposes auto tariff amid Signal fallout
President Trump imposed a 25% tariff on all cars imported into the U.S. on Wednesday. The announcement comes as his administration continues to deal with the aftermath of a leaked Signal group chat among top officials. Political strategists Liza Acevedo and Justin Sayfie join "America Decides" with analysis.
Stock market reacts to looming auto tariffs
Investors on Wall Street are bracing for President Trump's looming tariffs on auto imports. He is expected to unveil the new duties on Wednesday. CBS News senior business and tech correspondent Jo Ling Kent reports.
Canada moves on Tesla rebates
Canada is freezing all rebate payments for Tesla, according to Reuters. This comes as tensions remain between the U.S. and Canada on tariffs. CBS News' Jo Ling Kent has more.
Trump threatens Venezuelan oil importers
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Tennessee whiskey distillers worry about tariffs
The U.S. tariff war with Canada and the European Union has opened a new front in the fight -- a battle over bourbon. Nicole Valdes reports that distillers in Tennessee are worried increased taxes on their international shipments could dry up their liquor sales.
Stocks jump amid signs Trump could scale back tariffs
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
Stocks rebound amid hopes of ease in tariffs
The stock market had a solid day on Monday as traders banked on hopes that there would be an ease in tariffs, but President Trump announced in the afternoon that more tariffs are on the horizon. CBS News business contributor Javier David reports.
Hyundai says it will build $5.8 billion steel mill in Louisiana
President Trump touts Korean automaker's pledge to invest billions in the U.S., saying tariff threats are working.
Trump's tariffs may be narrowed
Stock markets are reacting favorably to news of President Trump's tariffs expected in April being narrower in scope. CBS News' Ed O'Keefe reports as more details emerge about U.S. representatives visiting Greenland.
In U.S. auto market, uncertainty reigns over the potential impact of tariffs
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
Auto dealers face uncertainty as tariff hikes loom
On April 2, a 25% tariff on imported automobiles and parts is due to go into effect. Carter Evans reports that, for car shoppers, it could be a case of buy now or pay more later.
Stocks waver as investors ponder rising economic uncertainty
The Federal Reserve's downbeat outlook on the U.S. economy is a wake-up call for investors.
Federal Reserve holds interest rates steady, but trims growth outlook
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Winemaker concerned for consumers on tariffs
In response to the steel and aluminum tariffs, the European Union said last week that it would place levies on $28 billion worth of American goods, including beef, poultry, bourbon, jeans and peanut butter, starting April 1. President Trump said that if the EU enacts those tariffs, he will respond by imposing a 200% retaliatory tariff on all European wine and Champagne. Andrew Rockwell, production winemaker at Sparkling Pointe, joins "The Daily Report" to discuss.
Trump teases possible Xi Jinping visit
President Trump says his Chinese counterpart will visit Washington, D.C., in the "not so distant future." Jennifer Welch, chief geoeconomics analyst at Bloomberg, and Ravi Agrawal, editor-in-chief of Foreign Policy magazine, join "America Decides" to discuss what that visit could mean amid brewing trade tensions.
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Michigan voters share regrets of voting Trump
In a focus group conducted by Axios in Michigan, some battleground state voters expressed second thoughts about supporting President Trump in the 2024 election. Political strategists Meghan Hays and Maura Gillespie join "America Decides" with analysis.
Trump trade wars could tank foreign tourism in the U.S., report finds
President Trump's aggressive trade policies and barbed rhetoric threatens to discourage foreign travelers from visiting the U.S., economists say.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Investors are fleeing U.S. stocks as tariff risks loom
Mounting concerns about the Trump administration's trade policies are driving institutional investors away from U.S. stocks.
How economists spot recessions, stagflation
Preliminary data from the University of Michigan shows that consumer sentiment, or how people feel about the economy, declined for a second straight month. It all comes as January saw a decline in spending which has some economists warning that the U.S. could face a possible recession. CBS News MoneyWatch correspondent Kelly O'Grady has more on recession risk signs.
Live
As Iran and U.S. appear near a deal, Israel ramps up war in Lebanon
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.
Talarico: Paxton "clipping my cringey comments to distract from his career of corruption"
Texas state Rep. James Talarico, the Democratic nominee for U.S. Senate in the Lone Star State, concedes some past statements during debates over transgender policy "missed the mark."
5 of 7 people trapped in flooded Laos cave for more than a week found alive
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.
Watch Live: Trump holds Cabinet meeting at the White House
President Trump is holding a Cabinet meeting at the White House after moving it from Camp David due to weather.
Alabama asks Supreme Court to allow congressional map found racially discriminatory
Alabama Republicans asked the Supreme Court to allow the state to use a congressional map that would give the GOP an edge in the midterm elections.
Bondi undergoing treatment for thyroid cancer after recent diagnosis
Former Attorney General Pam Bondi is undergoing treatment for thyroid cancer, she told CBS News.
At least 1 dead, 9 missing after chemical tank implosion in Washington
The damaged tank at Nippon Dynawave Packaging Co. held approximately 900,000 gallons of white liquor, a chemical used in paper processing, authorities said.
First on CBS
Latino voters turning away from Trump, but warnings remain for Dems, poll says
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.
Ai Weiwei warns of worsening censorship in the West
Ai Weiwei, who published a new book, "On Censorship," warned the West is "no longer defending very basic humanity, rationality, human rights, freedom of speech."
U.S.
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Talarico: Paxton "clipping my cringey comments to distract from his career of corruption"
Texas state Rep. James Talarico, the Democratic nominee for U.S. Senate in the Lone Star State, concedes some past statements during debates over transgender policy "missed the mark."
Alabama asks Supreme Court to allow congressional map found racially discriminatory
Alabama Republicans asked the Supreme Court to allow the state to use a congressional map that would give the GOP an edge in the midterm elections.
Bondi undergoing treatment for thyroid cancer after recent diagnosis
Former Attorney General Pam Bondi is undergoing treatment for thyroid cancer, she told CBS News.
Ai Weiwei warns of worsening censorship in the West
Ai Weiwei, who published a new book, "On Censorship," warned the West is "no longer defending very basic humanity, rationality, human rights, freedom of speech."
Man accused of hurling rock at rare seal was assaulted, lawyer says
A witness recorded what prosecutors say was a video of Igor Lytvynchuk throwing the rock at a Hawaiian monk seal at a Maui beach.
MoneyWatch
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The safest vehicles for teen drivers and how much they cost
The Insurance Institute and Consumer Reports ranked 96 of the safest cars for teens. Here's what to know.
BP ousts recently appointed chair over "conduct issues"
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
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.
Sponsored
Planning to start your own business? Consider these key tips.
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).
Stocks mixed as investors shrug off renewed fighting in Iran
Oil prices were also mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Politics
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Talarico: Paxton "clipping my cringey comments to distract from his career of corruption"
Texas state Rep. James Talarico, the Democratic nominee for U.S. Senate in the Lone Star State, concedes some past statements during debates over transgender policy "missed the mark."
Alabama asks Supreme Court to allow congressional map found racially discriminatory
Alabama Republicans asked the Supreme Court to allow the state to use a congressional map that would give the GOP an edge in the midterm elections.
Bondi undergoing treatment for thyroid cancer after recent diagnosis
Former Attorney General Pam Bondi is undergoing treatment for thyroid cancer, she told CBS News.
Bo French defeats incumbent in GOP railroad commissioner primary
The three-member Railroad Commission regulates the oil and natural gas industry in Texas. Despite its name, it no longer oversees the railroad industry.
First on CBS
Latino voters turning away from Trump, but warnings remain for Dems, poll says
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.
HealthWatch
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HealthWatch
TV host Ty Pennington on bronchiectasis
HGTV host and designer Ty Pennington opens up about his mother's yearslong battle with bronchiectasis, a chronic lung condition that often goes undiagnosed, and shares tips for caregivers on creating a calm environment. (Sponsored by Insmed)
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
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.
The latest details on the Ebola outbreak
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.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
World
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Is a shifting tide behind a Russian warning to foreigners in Ukraine?
As Russia hammers Ukraine with bombs and warns foreigners to flee its capital, analysts think it may reflect a war "shifting in favor of Ukrainian forces."
China executes man for poisoning billionaire Netflix producer
Xu Yao was found guilty of killing Lin Qi, the founder of the company that holds the film adaptation rights for the blockbuster sci-fi trilogy "The Three-Body Problem."
Ex-chef who supplied poison for suicides to avoid murder charges
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.
Live
As Iran and U.S. appear near a deal, Israel ramps up war in Lebanon
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.
5 of 7 people trapped in flooded Laos cave for more than a week found alive
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.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
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.
Josh Johnson on new special, career in comedy
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."
Top moments from the American Music Awards
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.
Extended interview: Josh Johnson
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, trailblazing jazz saxophonist, dies at age 95
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Technology
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Technology
Study evaluates AI's accuracy on news
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.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
How AI powered robots are helping small farms
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's AI warning rocks tech industry
Pope Leo XIV warns of the dangers of artificial intelligence in his first encyclical. CBS News' Chris Livesay reports.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
Science
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
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.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Crime
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Crime
Clues in the Lynette Hooker investigation
An infrared camera mounted on the sailboat used by Brian and Lynette Hooker in the Bahamas could contain clues about her disappearance, CBS News has learned. Cristian Benavides has more.
China executes man for poisoning billionaire Netflix producer
Xu Yao was found guilty of killing Lin Qi, the founder of the company that holds the film adaptation rights for the blockbuster sci-fi trilogy "The Three-Body Problem."
Matthew Perry's assistant to be sentenced
Matthew Perry's assistant, Kenneth Iwamasa, will be the fifth and final person sentenced for playing a role in the actor's 2023 ketamine death. Carter Evans reports.
Ex-chef who supplied poison for suicides to avoid murder charges
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 resigns after internal probe
Mayor Jacob Frey announced O'Hara's resignation late Tuesday after an investigation found he deleted a contact from his city-issued phone to hide his connection to an employee during a prior investigation.
Space
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NASA's moon base plans include landers, buggies and drones for 2028 mission
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 launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Teachers union chief calls for tech limits
Randi Weingarten, the president of the American Federation of Teachers, is calling for limits on technology in schools as part of her 10-point action plan to set public schools up for success. CBS News' Katrina Kaufman has more.
Talarico responds to GOP attacks on past remark
Texas state Rep. and Democratic Senate nominee James Talarico responded to Republican attacks over his past remark that God is "non-binary." "There are some statements that I've made that I certainly regret," He told CBS News' Ed O'Keefe, but accused his GOP opponent Ken Paxton of "intentionally clipping my cringey comments to distract from his career of corruption."
Talarico slams Paxton for "sweetheart deals"
Texas state Sen. James Talarico, the Democratic nominee for Texas Senate, pushed back on his GOP opponent Ken Paxton calling him "Tala-freak-o." "If Ken Paxton is worried about freaks, he should stop giving Epstein-style sweetheart deals to pedophiles," Talarico told CBS News' Ed O'Keefe in his first network TV interview since Paxton won the GOP Texas Senate runoff election.
Former USMNT goalkeeper on World Cup roster
Tony Meola, a former professional goalkeeper who represented the U.S. in the 1990, 1994, and 2002 World Cups, joins CBS News 24/7 to weigh in on this year's team roster.
Iran releases video of apparent drone wreck
Iran is claiming it shot down a U.S. drone as the world awaits news of progress in peace talks. CBS News' Charlie D'Agata reports.