Stocks tumble as Wall Street braces for impact of Trump tariffs
Dow Jones Industrial Average tumbles amid fears of trade war that could crimp profits and hurt U.S. consumers.
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Dow Jones Industrial Average tumbles amid fears of trade war that could crimp profits and hurt U.S. consumers.
President Trump is pausing tariffs targeting imports from Mexico and Canada for a month after the two countries agreed to beef up border security.
President Trump paused his plans to implement steep tariffs on imports from Mexico and Canada for at least a month after talks with the leaders of both countries, who vowed to step up efforts to combat the flow of drugs and migrants across their borders with the U.S. Weijia Jiang explains.
As many as 20,000 trucks bring goods across the U.S.-Mexico border every day. Jason Allen reports from Laredo, Texas, where some businesses are stocking up on imports as they brace for President Trump's tariff hikes to take effect. Then, Kelly O'Grady joins for analysis.
Over the weekend, Elon Musk threatened to eliminate the main U.S. agency handling foreign aid. On Monday, it was announced that USAID would merge with the State Department under Marco Rubio's leadership, although the move appears to require congressional approval. CBS News' Caitlin Huey-Burns, Jennifer Jacobs and Ed O'Keefe have the latest.
The White House levied new import duties on its three closest trading partners.
President Trump's tariffs imposed on Mexico, Canada and China are expected to impact American wallets. Daniel Tannebaum, a partner at Oliver Wyman's Risk and Public Policy Practice, joins CBS News with more on how the moves may impact the U.S. in the future.
President Trump has announced a month-long pause on tariffs against Mexico. CBS News' Jason Allen is in Laredo, Texas, with a look at the transport routes across the southern border.
President Trump's tariffs against Mexico, Canada and China are part of his efforts to mitigate America's deficit. CBS News national security contributor Sam Vinograd breaks down the tariff strategy and the potential fallout.
Tariffs on China and Canada are still expected to take effect on Tuesday. This comes after President Trump reached an agreement with Mexico and paused the tariffs there for a month. CBS News' Weijia Jiang has more.
Americans may see an increase in costs for building materials after President Trump imposed new tariffs on Canada, which contributes lumber to the U.S. CBS News business contributor Javier David reports.
President Trump's tariffs on Canada could impact new home construction costs. James W. Tobin, the president and CEO of the National Association of Home Builders, joins CBS News with more.
President Trump has reached a deal with the president of Mexico to pause tariffs for a month. Mexico agreed to send 10,000 troops to the U.S.-Mexico border as part of the deal. CBS News' Nancy Cordes reports.
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
"If there is such an alliance anywhere, it is in the U.S. gun shops that sell high-powered weapons to these criminal groups," Mexican President Claudia Sheinbaum said.
America's closest neighbors and allies are racing to respond, or bracing for impact as Trump orders big tariffs on imports from Canada, Mexico and China.
New tariffs instituted by President Trump against Canada, Mexico and China are set to be implemented Tuesday. CBS News correspondent Natalie Brand has the latest information on them.
President Trump's new tariffs on goods from Canada, Mexico and China are set to go into effect Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady has more on what products and industries will see the biggest impact and CBS News foreign correspondent Ramy Inocencio reports on how other countries are reacting.
President Trump signed an executive order on Saturday imposing 25% tariffs on imports from Canada and Mexico and an extra 10% on goods from China. It is set to take effect Tuesday at 12:01 a.m. The president said Sunday that tariffs on European countries are coming next.
President Trump's new tariffs on goods from Canada, Mexico and China are set to take effect Tuesday, but they've prompted pushback from members of Congress and impacted industries. CBS News correspondent Natalie Brand has more.
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to discuss how tariffs could affect your finances.
Former Trump trade negotiator Robert Lighthizer says tariffs may help reset trade relationship with China.
Economists say tariffs can increase prices for consumers, but Robert Lighthizer, President Trump's former trade chief, argues they're necessary.
President Trump, as he threatened, has enacted tariffs of 25% on imports from Mexico and Canada, along with an additional 10% tariff on goods from China. Energy imports from Canada, however, will only be hit with a 10% tariff. Willie James Inman has the details. Then, Ontario Premier Doug Ford discusses whether this is the start of a trade war.
The Trump administration's sweeping tariffs on the U.S.'s three biggest trading partners, Canada, Mexico and China, are set to go into effect on Saturday. David Wessel, senior fellow for economic studies at the Brookings Institution, joins "America Decides" to break down their impact.