Trump threatens reciprocal tariffs in bid to "ensure fairness" on trade
America's trading partners keep their markets to closed to U.S. exports, White House says in ordering up plan to impose global tariffs.
Tariffs
Why Trump wants to impose reciprocal tariffs
President Trump announced a plan for reciprocal tariffs on U.S. trading partners, marking another step in his challenge to the economic consensus that tariffs increase consumer prices. The announcement comes one day after new inflation data showed persistent price increases across the economy. Weijia Jiang has details.
Trump introduces reciprocal tariffs plan
President Trump has ramped up his global trade war, introducing a plan to increase tariffs on foreign goods to match the tax rates that other countries put on American goods. Kelly O'Grady visited a manufacturer in the Pittsburgh area to see the impact of the president's plan.
What does Trump want from tariff threats?
President Trump signed a memo on Thursday setting up reciprocal tariffs against any country that applies higher tariffs on American products. Those potential tariffs could impact countries like India. CBS News MoneyWatch correspondent Kelly O'Grady has more on the tariffs.
Trump, India's Modi take questions
President Trump and Indian Prime Minister Narendra Modi held a joint press conference on Thursday at the White House. They took questions from reporters about tariffs, immigration and military cooperation. CBS News chief Washington correspondent Major Garrett reports.
Details on U.S. reciprocal tariffs plan, more
A new Trump executive order has the commerce secretary going country by country to determine the need for "fair and reciprocal" trade tariffs, the Senate confirmed RFK Jr. as health secretary and Pete Hegseth clarified comments about the future of Ukraine. CBS News' Aaron Navarro and Major Garrett join with the latest.
Tariffs that Trump could impose on India
The U.S. receives textiles, pharmaceuticals and other goods from India and President Trump's new tariffs could increase prices on those items for Americans. Megan Leonhardt, a senior writer for Barron's, joins CBS News with more.
Latest news on Trump's reciprocal tariffs
President Trump will announce new tariffs that will impact other nations. CBS MoneyWatch correspondent Kelly O'Grady breaks down what's behind Mr. Trump's global moves and their impact on American wallets.
Trump to announce retaliatory tariffs
President Trump is set to announce new tariffs as retaliation for those imposed by nations against the U.S. CBS News' Aaron Navarro reports.
Feb 4: CBS News 24/7, 1pm ET
President Trump intends to speak with Xi Jinping after China imposed tariffs on U.S. exports; Anxious relatives await word on loved ones outside ICE facilities in South Florida.
Feb 4: CBS News 24/7, 10am ET
China tariffs on U.S. products to take effect on Feb. 10; FBI leadership ordered to turn over names of Jan. 6 investigators to DOJ by noon.
Trump tariffs' impact on manufacturing
President Trump said he will announce reciprocal tariffs on "every country" sometime this week. That means the U.S. would match any tariffs foreign countries place on it with identical tariffs of its own. Kip Eideberg, the senior vice president of government and industry relations at the Association of Equipment Manufacturers, joins "The Daily Report" to discuss the impact.
Could Trump's tariffs cost American jobs?
The White House says President Trump's tariffs on steel and aluminum imports will take effect on March 12. On Tuesday, Canadian Prime Minister Justin Trudeau signaled he could retaliate against the U.S. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Feb 3: CBS News 24/7, 1pm ET
President Trump pauses tariffs on Mexico for one month after speaking with its president; FBI agents questioned about Jan. 6 cases.
Feb 3: CBS News 24/7, 10am ET
President Trump says Americans could "feel some pain" from tariffs placed on China, Mexico and Canada; Homeland Security secretary gives update on Super Bowl security plans.
Trump imposes 25% tariffs on all aluminum and steel imports
President Trump also says he'll announce "reciprocal tariffs" on Tuesday or Wednesday.
Impact of steel and aluminum tariffs
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to break down the potential impact of the 25% tariffs on steel and aluminum imports imposed by President Trump.
Here's how Trump's steel and aluminum tariffs could impact U.S. prices
President Trump on Monday ordered new tariffs on all steel and aluminum imports. Experts say some products could become pricier.
How the EU could respond to Trump's tariffs
President Trump on Monday imposed 25% tariffs on all steel and aluminum imports into the U.S. to the dismay of allies overseas. In a statement released Sunday, the European Commission said it would "react to protect the interests of European businesses, workers and consumers from unjustified measures." Jeanna Smialek, Brussels bureau chief for The New York Times, joins CBS News to discuss.
Poll: Majority approve of Trump's performance
The first CBS News poll of President Trump's second term shows him with a significantly higher approval rating than he enjoyed his first time in office. CBS News executive director of elections and surveys Anthony Salvanto breaks down the numbers.
How Americans feel about Trump's term so far
70% of Americans say President Trump is doing what he promised in his campaign, whether they approve of his job or not, according to new CBS News polling. But a majority do say they like what they see. CBS News executive director of elections and surveys Anthony Salvanto dives into the numbers.
What we know about steel and aluminum tariffs
President Trump signed a proclamation Monday imposing 25% tariffs on steel and aluminum goods coming into the U.S. CBS News White House reporter Aaron Navarro has the details.
How Trump's tariffs are a political tool
President Trump's expected tariffs on steel and aluminum could impact U.S. allies around the world. CBS News' Weijia Jiang breaks down how Mr. Trump's tariffs are part of his political arsenal.
Lighthizer on why he supports tariffs
Economists say tariffs can increase prices for consumers, but Robert Lighthizer, President Trump’s former trade chief, argues they’re necessary.
China imposes tariffs on U.S. goods
China has released a list of new tariffs on U.S. goods. This comes as President Trump touts plans for 25% tariffs on steel and aluminum. CBS News contributor Javier David has more.
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