Latest in Economists take issue with Trump's tariff formula, arguing rate is inflated
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Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.CBS News - 3h -
Tariffs, trade war inflation impact to be 'pretty ugly' by summer, economists say
Tariffs will take a few months to filter through to consumer prices, economists said.CNBC - 9h -
Inflation Slows Unexpectedly Sharply for March, to 2.4%, CPI Report Shows
Policymakers and economists say the latest data is only a temporary reprieve as tariffs could stoke higher inflation.The New York Times - 9h -
Stress about Social Security and the economy has seniors taking benefits early
Older Americans are dipping into their savings at a faster rate due to inflationMarketWatch - 2h -
Trump's triple-digit tariff essentially cuts off most trade with China, says economist
President Trump's tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York.CNBC - 7h -
Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low
The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.CNBC - 14h -
4/9: CBS Evening News Plus
What's next for global trade after Trump's tariff pause; Reporter's Notebook: The formula for serving a higher purposeCBS News - 1d -
Why mortgage rates aren't falling—despite the tariff pause
Despite tariff relief, economic uncertainty may keep mortgage rates stubbornly high this year.CNBC - 7h -
Trump retreats but still puts U.S. tariff rate at its highest level in a century. Here’s what it means for prices for clothes, food and more.
One study of the current state of U.S. tariffs and foreign retaliation suggests that Wednesday’s euphoria over President Donald Trump’s partial retreat was overdone.MarketWatch - 3h -
State Farm pleads for emergency rate hikes on California homeowners
State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.CNBC - 9h -
Trump takes aim at city and state climate laws in executive order
President orders justice department to stop enforcement of critical policies holding fossil fuel companies accountable. Donald Trump is taking aim and city- and state-led fossil fuel ...The Guardian - 1d -
Inflation is Falling Because People Are Traveling Less
The CPI fell last month as gas prices dropped sharply; so did airfares and hotel rooms, a sign prices cooled ahead of tariffs.Inc. - 11h -
House Strikes Down $5 Overdraft Fee Limit, Sending Issue to Trump
Lawmakers also struck down a rule giving the Consumer Financial Protection Bureau supervisory power over tech companies’ payments apps.The New York Times - 1d -
Roller-coaster week for global bonds continues as 'Trump put' sparks reversals
"There's a sense of relief that trade deals with the U.S. are firmly on the table," economists say.CNBC - 11h -
Small Business Optimism Slides as Tariffs Sow Uncertainty
The chief economist at the National Federation of Independent Businesses wondered if there was an economic iceberg looming, as its March survey of U.S. entrepreneurs showed a fourth straight month ...Inc. - 1d -
Supreme Court rules U.S. must facilitate return of Kilmar Abrego Garcia from El Salvador
The Trump administration argues that Kilmar Abrego Garcia is a member of the notorious MS-13 gang. The El Salvador native denies that claim.CNBC - 18m -
India rebuffs China’s BYD as Trump trade war creates openings
Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rateFinancial Times - 1h -
Senate daylight saving time hearing: "Stuck with this since World War I"
President Trump suggested in December that he supported eliminating daylight saving time, although he later called it a "50/50 issue."CBS News - 8h -
Trump threatens to impose an additional 50% tariff on China
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products. Beijing bristled at his latest threat.CBS News - 2d -
Social Security cost-of-living adjustment projected to be lower in 2026, estimates find. But tariffs may change that
New government inflation data points to a lower Social Security cost-of-living adjustment for 2026 compared to the 2.5% increase beneficiaries saw in 2025.CNBC - 8h -
Even Streaming Services Might Be Hurt by Trump’s Tariffs
President Trump’s tariffs don’t hit streamers like Netflix directly. But they could impact what streaming services release—and how much people are willing to pay for it.Wired - 2d -
Trump announces 10% baseline tariff on all countries | Special Report
President Trump on Wednesday announced a baseline tariff of 10% on all countries, with additional reciprocal tariffs for some. Maurice DuBois anchored CBS News' special report.CBS News - 5h -
China vows to fight Trump's tariff trade war "to the end"
As President Trump threatens China with even more tariffs, Beijing says it will never bow to "unilateral bullying," and "will fight to the end."CBS News - 2d -
What Trump has said about tariffs as stock market reacts
The Trump administration's imposition and walkback of tariffs has led to stock volatility and sparked worries of a global trade war and recession.CBS News - 1d -
See the full list of reciprocal tariffs by country from Trump's chart
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.CBS News - 1d -
Challenge to Trump’s Tariffs Funded by Groups Linked to Charles Koch and Leonard Leo
The legal organization behind a lawsuit challenging President Trump’s tariffs is funded by groups linked to Charles Koch and Leonard A. Leo.The New York Times - 1h -
Trump’s Tariff Fight With China Poses New Threat to US Farmers
Soybean producers warn that farms could go under as the Trump administration hits China with new tariffs of 145 percent.The New York Times - 1h -
Trump pauses most new tariffs for 90 days, increases China tariffs to 125%
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."CBS News - 1d -
Op-ed: America's 'vibecession' never ended, and now it is deepening across income levels
Financial insecurity among Americans continues to rise, with interest rates, tariffs, and layoffs fears all factors, according to a new CNBC|SurveyMonkey poll.CNBC - 6h -
Why Trump’s Tariffs Are Rattling Even Meta
Meta, which owns Facebook, Instagram and WhatsApp, would not seem to be in the line of fire from tariffs. But President Trump’s trade actions are hitting even social networking businesses.The New York Times - 6d -
Lawmakers pursue avenues to counter Trump tariffs
Backlash to President Trump's tariffs cropped up throughout Capitol Hill in recent days, as Democrats, and some Republicans, expressed concern about the sweeping levies on foreign imports.CBS News - 1d -
China says it's open to talks as Trump pauses tariffs on other nations
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."CBS News - 16h -
Trump Has Added 145% Tariff to China, White House Clarifies
White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to ...The New York Times - 10h -
Freight orders surge on Trump tariffs trade whipsaw: 'The ships are filling up'
President Trump's decision to offer a 90-day tariffs reprieve hasn't changed uncertainty inside the global supply chain, but it has led to an order surge.CNBC - 8h -
Senators call for probe into possible insider trading over Trump tariff reversal
Two Democrats are seeking answers from the White House about whether Trump administration officials engaged in insider trading amid the tariff rollbacks.ABC News - 8h -
Supreme Court Sides With Migrant Trump Administration Wrongly Deported
A trial judge had ordered the Trump administration to take steps to return the migrant, Kilmar Armando Abrego Garcia, from a notorious prison in El Salvador.The New York Times - 2h -
China and Europe Retaliate as Trump’s Tariffs Kick in
China announced a tariff hike on U.S. imports to 84 percent from 34 percent, while the EU said it would impose 25 percent tariffs on a range of U.S. imports.Inc. - 1d -
Watch: Trump trade rep, congressman have fiery exchange over tariff pause
As President Trump announced a pause to his tariffs, his trade representative, Jamieson Greer, was in the middle of testifying at a House hearingCBS News - 11h
