Latest in Slump Trump Tariffs
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China announces their own retaliatory tariffs after Trump increases levies against Beijing
China has announced retaliatory tariffs against U.S. food imports in response to President Trump's increased levies on Chinese goods. CBS News foreign correspondent Anna Coren has more.CBS News - 2d -
Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs
Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.CNBC - 2d -
Trump tariffs will have ‘winners and losers all across the board’: House Ways & Means Cmte. chair
Chairman of the House Ways and Means Committee, Rep. Jason Smith (R-Mo.) discusses the impact of President Trump’s sweeping tariffs on Canada, China and Mexico ahead of the president's address to a ...NBC News - 1d -
Trump's Mexico tariffs could raise produce prices in the next few days, Target CEO says
President Donald Trump's tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.CNBC - 1d -
Trump's Mexico, Canada tariffs are 'clearly' going to cause inflation, says shipping giant Maersk
There will 'clearly' be an inflationary impact from President Trump's tariffs on Mexico, Canada and China, according to shipping giant Maersk.CNBC - 1d -
Trump Still Considering Tariffs on Taiwanese Chips, Despite $100 Billion TSMC Deal
Enforcing the tariffs on Taiwan would be difficult, and they wouldn’t necessarily be enough to meaningfully increase semiconductor manufacturing in the United States, experts told WIRED.Wired - 1d -
Trudeau hits out at 'dumb' tariffs as Trump warns of further hikes against Canada
Canada has imposed its own retaliatory tariffs, which will remain in place until the US reverses course.BBC News - 1d -
Watch live: Trump addresses joint session of Congress as tariffs, DOGE and Ukraine fuel uncertainty
Democrats have invited as guests people who lost their federal government jobs in an effort overseen by Elon Musk and his DOGE team.CNBC - 1d -
Trump tells Congress tariffs will be ‘a little disturbance.’ Why it’s more than that, according to economists.
President Donald Trump on Tuesday delivered a State-of-the-Union-style address to Congress, with his remarks coming as the U.S. stock market has dropped on his moves with tariffs.MarketWatch - 1d -
K-pop stocks defy South Korea's political and economic woes — as well as Trump tariff threats
There is one sector that has offered hope to investors this year. One of South Korea's largest cultural exports: K-pop.CNBC - 1d -
Trump says a 'little disturbance' from tariffs is OK, as markets reel from trade war fears
President Donald Trump conceded before a joint session of Congress that his steep new tariffs will cause "a little disturbance."CNBC - 1d -
President Trump touts tariffs, foreign policy as some Democrats walk out of speech to Congress
President Trump recapped actions taken in his first six weeks in office in an address to a joint session of Congress Tuesday. Some Democrats walked out of the president's speech. CBS News' Nancy ...CBS News - 1d -
U.S. economy is still growing, ISM says, even as Trump tariffs generate ‘great uncertainty’ and fuel further inflation
The large service side of the U.S. economy that employs most Americans grew in February, but businesses said they were nervous about the Trump tariffs and were already facing higher costs.MarketWatch - 1d -
Trump’s tariffs will take their toll on fresh fruit and vegetables — that’s bad news for low-income Americans
Call it the attack of the killer tomato tariffs.MarketWatch - 1d -
Trump doubles down on tariffs in address to Congress; Administration may change GDP calculation
President Trump reinforced his decision to impose tariffs against Mexico, Canada and China during his address to Congress Tuesday night. CBS News business analyst Jill Schlesinger has more on that ...CBS News - 1d -
TJX could steal share from rivals as Trump tariffs kick in, says UBS — here's why
TJX is a high-quality defensive stock that's ideal to own in any economy, but particularly in this uncertain environment, Jim Cramer said.CNBC - 21h -
Ten things you should know about Trump’s tariffs but were afraid to ask
No, Mr President, they are not going to make America rich, great or popularFinancial Times - 23h -
Here's what Trump's tariff barrage could mean for your 401(k) plan
The stock market has swung wildly since President Trump placed 25% tariffs on Canada and Mexico. Here's what to know about your 401(k).CBS News - 19h -
Canadian leader threatens to cut off energy to some U.S. states over Trump's tariffs
The head of the Canadian province of Ontario is threatening to cut off electricity exports to the U.S. CBS News correspondent Shanelle Kaul spoke with Premier Doug Ford on Wednesday.CBS News - 17h -
Canadian stores pull U.S. liquor from shelves as Trump's tariffs take effect
As tariffs set by the Trump administration on Canada and Mexico came into effect on Tuesday, Canadians discovered empty shelves where American liquor products were once stocked.NBC News - 15h -
Global bonds sell off as investors react to Trump's tariffs and a German 'paradigm shift'
Government bonds were selling off all over the world on Thursday, with German borrowing costs hovering at multi-decade highs.CNBC - 1h -
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How do tariffs work?
President Trump has followed through on his threat to place tariffs on goods from Canada and Mexico and he's increased the tariffs already in place against China. CBS News business analyst Jill ...CBS News - 2d -
Tariffs are not going to solve America’s ills
Punitive import duties will neither reduce the US trade deficit nor boost employment in manufacturingFinancial Times - 2d -
Australian treasurer seeking tariff exemption in talks with Bessent
Australia’s treasurer, Jim Chalmers, will continue to push for steel and aluminum tariff exemptions in his discussions with Treasury Secretary Scott Bessent this week. Chalmers traveled to ...The Hill - Feb. 24 -
China tariffs set to take effect in March
Additional tariffs on China are expected to take place in March as President Trump insists on businesses making products in the U.S. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 6d -
White House set to impose tariffs this week
The White House is expected to impose tariffs on Mexico, Canada and China this week, which some economists say could raise prices for Americans and slow economic growth. Canada and Mexico both said ...CBS News - 3d -
Nvidia shares fall 9% on tariff fears
The company's stock price is down 13% since it reported earnings last Wednesday.CNBC - 2d -
Warren Buffett calls tariffs 'an act of war’
Legendary investor Warren Buffett likened tariffs to "an act of war" in a new interview as President Trump doubles down on his embrace of the economic strategy. In an interview that aired Sunday on ...The Hill - 2d -
Tariffs an 'expensive game to play': Powerteam International CEO
Tariffs are going to be an "expensive game to play," Bill Walsh, CEO and founder of Powerteam International, said.The Hill - 2d -
Canada slaps 25% retaliatory tariffs on U.S. goods
Canada is responding to President Trump's tariffs with retaliatory 25% tariffs on U.S. goods. CBS News national correspondent Lana Zak has more on the impact of the tariffs between the U.S. and ...CBS News - 2d -
Vance blasts Canada on drug trade as tariffs begin
Vice President JD Vance is calling out Canada, suggesting the U.S. ally needs to do more to prevent drugs from entering the country through its border. CBS News' Olivia Rinaldi reports on the ...CBS News - 1d -
Ontario premier hopeful tariff fight will end in days
Ontario Premier Doug Ford said he is hopeful the tariff fight between the U.S. and Canada will end within days. “I hope it stops within the next few days … And I'm not just saying that,” Ford told ...The Hill - 1d -
Here's how tariffs will hit the U.S. housing market
Tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, according to the chief economist of the National Association of Home Builders.CNBC - 1d -
Tariffs on Mexico strike at the heart of small businesses in Texas
Small, independent businesses make up 70% of the restaurants in Texas. As tariffs on Mexico go into effect, they are among the first to shoulder the burden..ABC News - 1d -
Wednesday Briefing: Canada and China Strike Back at Tariffs
Plus, a top architecture award for Liu Jiakun.The New York Times - 1d -
It’s a growth scare first and a tariff scare second
Plus retail investor sentiment and Doge job cutsFinancial Times - 1d -
What economists get wrong about tariff wars
The history of global trade challenges Ricardo’s enduring economic theoryFinancial Times - 1d -
Tariffs Add a New Shock to Food Supply Chains
Companies made their supply chains stronger and more flexible because of the Covid pandemic. But they weren’t banking on tariffs.The New York Times - 1d -
US hints at possible tariff exemption for car industry
Trump expected to announce decision on potential relief from Canada and Mexico levies on WednesdayFinancial Times - 23h