
Trump's tariffs won't just raise car prices, but insurances rates, experts say
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.
Watch CBS News
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.
Here's what to know about tariffs ahead of President Trump's plans to announce new import duties on April 2.
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 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.
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.
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.
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.
President Trump's plan to impose new tariffs on U.S. car imports dented stocks, with more levies set to take effect April 2.
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.
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.
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.
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.
President Trump touts Korean automaker's pledge to invest billions in the U.S., saying tariff threats are working.
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.
Investors cheered by White House signals that President Trump might narrow scope of planned tariffs.
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
A powerful 7.7 magnitude earthquake hit the Thai capital of Bangkok, causing buildings to sway and people to evacuate them. It was centered in neighboring Myanmar.
The Trump administration is still monitoring the fallout from the disclosure of attack plans, as a watchdog inquiry looms.
No Senate confirmation hearing had been scheduled for U.N. ambassador nominee Elise Stefanik, a congresswoman from New York.
The EPA announced that it would speed up the process by which industry can bypass provisions of the Clean Air Act by emailing President Trump.
The comments come amid two high-profile detentions by ICE of a Tufts University student and a University of Alabama student.
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
Prices continue to be the dominant factor in how Americans evaluate the economy.
The Trump administration plans to shrink the workforce of the Department of Health and Human Services as part of a major restructuring.
Yolanda Saldívar was denied parole, the Texas Board of Pardons and Paroles confirmed in a statement posted to its webpage.
The latest action comes after the U.S. Department of Education said it was investigating 52 universities for alleged racial discrimination earlier this month.
The EPA announced that it would speed up the process by which industry can bypass provisions of the Clean Air Act by emailing President Trump.
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.
Las Vegas police arrested 36-year-old Paul Hyon Kim in connection with a "targeted attack" where he allegedly damaged at least five Tesla vehicles.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
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.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.
Prices continue to be the dominant factor in how Americans evaluate the economy.
Here's what to know about tariffs ahead of President Trump's plans to announce new import duties on April 2.
The latest action comes after the U.S. Department of Education said it was investigating 52 universities for alleged racial discrimination earlier this month.
The EPA announced that it would speed up the process by which industry can bypass provisions of the Clean Air Act by emailing President Trump.
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.
The comments come amid two more high-profile detentions by ICE of a Tufts University student and a University of Alabama student.
Billboards such as those spotted in the Metro Detroit area this week read, "Tariffs are a tax on your grocery bill."
23 measles cases have been confirmed in Kansas, marking an outbreak for the state, according to local health officials.
Health and Human Services Secretary Robert F. Kennedy will cut 3,500 jobs from the Food and Drug Administration and 2,400 from Centers for Disease Control and Prevention.
Health plans limit physical or occupational therapy sessions to as few as 20 a year, no matter the patient's infirmities.
A new study shows how cuts to foreign aid could lead to millions of HIV/AIDS deaths and soaring rates of infections, undoing decades of progress against the virus.
West Virginia is banning seven artificial food dyes, including Red No. 40, in the most sweeping state level food dye ban in the U.S.
A powerful 7.7 magnitude earthquake hit the Thai capital of Bangkok, causing buildings to sway and people to evacuate them. It was centered in neighboring Myanmar.
Billboards such as those spotted in the Metro Detroit area this week read, "Tariffs are a tax on your grocery bill."
Authorities said that no motive had been established for the stabbing attack in Amsterdam that injured five people.
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.
Turkish authorities detained and deported BBC correspondent Mark Lowen and arrested other journalists amid the largest nationwide protests in a decade.
The iconic Sundance Film Festival will be moving from Park City, Utah to Boulder, Colorado, starting in 2027, the festival and the Colorado Governor's Office announced on Thursday.
William Shatner, who became the oldest person to travel to space at age 90, is offering encouragement and practical advice to Gayle King and the all-female crew launching April 14.
Best-selling author John Grisham joins CBS Mornings to debut his 52nd book, "The Widow," which is his first-ever mystery. Grisham opens up about writing a new kind of story, the twist that changed the ending, and the inspiration behind a book that's already making headlines.
Lady Gaga announced her 2025 tour dates on social media Wednesday, writing, "See you soon, monsters."
In a special Women's History Month edition of "Note to Self," Tony Award-winning actress and Disney legend Lea Salonga writes a heartfelt letter to her 17-year-old self—revisiting her journey from the Philippines to Broadway and the legacy she unknowingly built for the next generation of Asian performers.
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
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.
Several newspapers have sued OpenAI and Microsoft, seeking to end the practice of using their stories to train artificial intelligence chatbots.
The Senate Intelligence Committee heard testimony on Tuesday from key players involved in a group chat on the messaging app Signal, in which the U.S.'s highly sensitive plans to bomb Houthi targets in Yemen were discussed inadvertently with a journalist. President Trump said that his administration would investigate the government's use of Signal. CBS News contributor and former CIA official Andrew Boyd has more on what it is and how it's used.
Carbon capture chemically removes CO2 from the air, to store or recycle into products. But is this technology – underwritten by the fossil fuel industry – an effective means to address climate change?
As a tool to address rising greenhouse gas emissions, carbon capture chemically removes carbon dioxide from the air, to store or recycle into products. The company behind a new plant to be opened this summer claims the facility will remove 500,000 tons of CO2 a year. But is this form of carbon capture – underwritten by the fossil fuel industry – an effective means to address climate change? Correspondent David Pogue looks at the technology behind this initiative, and the controversy it has raised.
Remains of five mammoths were found archaeologists from the Austrian Academy of Sciences said Thursday in a news statement.
Our planet's closest and brightest neighbor will pass approximately between the Earth and sun this week, in what's called an inferior conjunction.
The new findings come from the Dark Energy Spectroscopic Instrument (DESI), which sits on a telescope at the Kitt Peak National Observatory in Arizona.
Las Vegas police arrested 36-year-old Paul Hyon Kim in connection with a "targeted attack" where he allegedly damaged at least five Tesla vehicles.
Yolanda Saldívar was denied parole, the Texas Board of Pardons and Paroles confirmed in a statement posted to its webpage.
Authorities said that no motive had been established for the stabbing attack in Amsterdam that injured five people.
Federal authorities have taken into custody the man accused of setting Teslas on fire at a Las Vegas collision center. Police first arrested the man on Wednesday. CBS News correspondent Shanelle Kaul reports.
Federal prosecutors are considering seeking the death penalty against Mexican drug lord Rafael Caro Quintero in a sprawling case that includes the 1985 killing of a DEA agent.
William Shatner, who became the oldest person to travel to space at age 90, is offering encouragement and practical advice to Gayle King and the all-female crew launching April 14.
Democratic members of the House Science, Space and Technology Committee are warning that Department of Government Efficiency cuts to the Office of Space Commerce at the National Oceanic and Atmospheric Administration could harm American interests. CBS News' Natalie Brand reports.
Gayle King will step out of her comfort zone and into a space suit alongside Katy Perry, Lauren Sánchez, Aisha Bowe, Amanda Nguyen and Kerianne Flynn.
NOAA's Office of Space Commerce plays a crucial role in the growing space industry and is tasked with helping to manage satellite traffic to guard against collisions.
Data on dark energy weakening over time may signal that if the trend continues it could eventually cause the universe to collapse, according to a new study. Mustapha Ishak-Boushaki, a physics professor and Dark Energy Spectroscopic Instrument (DESI) researcher, joins CBS News with more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Early spring comes with a cherry on top -- a cherry blossom to be more exact. "CBS Evening News" co-anchor Maurice DuBois has more.
Health and Human Services Secretary Robert F. Kennedy, Jr. announced a major overhaul at the department. The move will slash 10,000 workers, including positions at the CDC and the Food and Drug Administration. Dr. Jon LaPook joins to discuss.
There has been a startling rise in the rate of colon cancer cases among younger Americans. Natalie Brand reports on a group of doctors investigating the increase, and a young woman raising awareness about the importance of early detection.
The acting head of the FAA admitted "something was missed" when explaining what led to the deadly midair collision between an Army helicopter and a jetliner in January. Senators also grilled the top aviation official on why thousands of previous close calls at Reagan National Airport went unaddressed. Nikole Killion has the latest.
Wildfires are burning across the Carolinas. Dave Malkoff reports.