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.
Tariffs
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.
Irish pub owner has trade war on top of mind
President Trump has threatened tariffs as high as 200% on European wines, spirits and beer. Janet Shamlian visited a pub in Chicago, where owner Aine O'Brien is concerned about how they could affect business.
Trump firmly stands by April 2 tariffs pledge
Despite the stock market's recent instability, President Trump is standing firm on his promise of implementing reciprocal tariffs in early April. Washington Post opinions columnist Heather Long joins "America Decides" to examine how the tariffs are creating anxiety about a recession.
Trump tariffs could add more than $9,000 to new home costs, builders say
Homebuilders say President Trump's tariff agenda is making construction and renovation projects more expensive.
Stock market kicks off week in the green
The Dow Jones regained some ground Monday after President Trump's tariffs put markets in a tailspin last week. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what happened on Wall Street.
Tariff trouble could trickle to bars
Tariff trouble around the world could hit your local bar. On Thursday, President Donald Trump threatened to place a 200% tariff on some alcoholic products from the European Union after they issued a 50% tariff on all American whiskey. THe U.S. has already issued 25% tariffs on Canada and Mexico. Now, the makers and buyers of some beloved drinks are now drowning in questions.
Potential Alaska-bound toll amid tariff war
Canada's British Columbia is proposing a law that would allow the province to toll U.S. trucks using its roads to travel to Alaska. Alaska Republican State Sen. Robert Myers joins "The Daily Report" to discuss the impact.
Tesla warns that Trump's trade war could hurt U.S. automakers
In an unsigned letter, Tesla encourages trade representative to reconsider tariffs, saying they could hurt U.S.-based car manufacturers.
Latest news on the stock markets
Stock markets reeled this week after news varied over President Trump's tariffs and investor fears. CBS MoneyWatch correspondent Kelly O'Grady reports.
Recapping Trump's White House NATO meeting
The war in Ukraine was a major focus of President Trump's meeting with NATO Secretary General Mark Rutte at the White House on Thursday. CBS News congressional reporter Taurean Small has more.
Irish prime minister says "tariffs are damaging" amid Trump trade standoff
Irish Taoiseach Micheál Martin described the U.S. and Ireland's economic relationship as a "two-way street."
Details on Trump tariff threat on EU alcohol
The Dow lost more than 500 points Thursday and the Nasdaq dropped more than 300 as investors reacted to President Trump's threat to impose a 200% tariff on European Union exports of wine, champagne, and other alcoholic beverages. Suzanne Lynch, Global Playbook author and associate editor for Politico, joined CBS News to discuss Europe's reaction to the threat.
Trump makes some false or misleading claims to justify Canada tariffs
President Trump has imposed steep tariffs on Canadian goods, citing trade imbalances and drug trafficking. But many of his claims exaggerate or misrepresent the facts.
U.S. business owners respond to tariff war
President Trump on Thursday threatened to put a 200% tariff on European alcohol if the European Union puts a 50% import tax on American whisky in retaliation for his tariffs on steel and aluminum. Kelly O'Grady examines the latest on the trade war.
Texas dad deported to Ghana was then forced to go to Mali, he says
Poll finds Democrats still boosted by voters' economic concerns
Lula wins fourth term as Brazil's president
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