Latest in Tariffs Amid Plunging
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Details on Trump's threat of 200% tariff on alcohol from European Union
The Dow lost more than 500 points Thursday and the Nasdaq dropped more than 300 as investors reacted to President Trump's threat to impose a 200% tariff on European Union exports of wine, ...CBS News - 7h -
Tesla faces backlash over Elon Musk's ties to Trump and far-right support
Tesla shares have plunged more than 47% since President Trump's inauguration as criticism mounts over Elon Musk's involvement in the administration and his statements backing far-right views. ...CBS News - 3d -
Noem aware Mexican, Canadian leaders have own 'political environments,' but Trump 'means business' on tariffs
Department of Homeland Security Secretary Kristi Noem said on Sunday that she knows Mexican and Canadian leaders have their own “political environments” but that President Trump “means business” on ...The Hill - 5d -
Trump doesn't rule out possibility of recession, Chinese retaliatory tariffs go into effect
President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. ...CBS News - 4d -
Avocado grower Mission Produce says it will try to work around Mexico tariffs, but holds off on predicting exact impact
Avocado grower Mission Produce Inc. on Monday said it would try to work around any tariffs on imports from Mexico, but its outlook for the months ahead didn’t include the impact of those extra ...MarketWatch - 3d -
Trump forces India’s hand on tariffs
US president’s ultimatum has pushed New Delhi towards a broader realignment on tradeFinancial Times - 3d -
Australia’s record gold exports to US set back its case for tariff relief as Trump trade war looms
Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regime. Get our breaking news email , free app or daily news podcast A run on gold in ...The Guardian - 3d -
Short-term Treasury yields remain near mid-October lows as investors await CPI report and more tariff talks
Bond yields ended higher Tuesday as investors monitored the tariff front, awaited a key inflation report out Wednesday and stayed on guard about a slowing U.S. economy.MarketWatch - 3d -
S&P 500 gets closer to correction territory Tuesday as investors grapple with Trump tariff fears
The U.S. stock market is struggling with soured sentiment over President Donald Trump’s tariffs, with the S&P 500 attempting to rebound from a big slump that left it near correction territory.MarketWatch - 2d -
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats
Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil. Trump on Tuesday threatened to double tariffs on ...The Hill - 2d -
Trump retreats from 50% tariffs on Canadian metals. Here’s what comes next.
President Donald Trump on Tuesday backed off a 50% tariff on imports of Canadian steel and aluminum, ratcheting down a threat against a major U.S. trading partner on another day of whiplash for ...MarketWatch - 2d -
President Trump defends economic policies as EU announces retaliation against U.S. tariffs
The European Union announced retaliatory measures on about $28 billion in U.S. industrial and agricultural goods in response to President Trump's 25% increase in tariffs on steel and aluminum ...CBS News - 2d -
Distilled Spirits Council CEO warns European whiskey tariff could be 'very, very devastating'
The CEO of the Distilled Spirits Council of the United States on Wednesday warned that a European whiskey tariff would be "very, very devastating." “We've just gotten the news early, early this ...The Hill - 1d -
Wholesale prices flat in February PPI report; Trump threatens 200% tariffs on alcohol from EU
The Producer Price Index was flat in February, showing a yearly increase of 3.2%, below economist expectations. CBS News MoneyWatch correspondent Kelly O'Grady has more on the report and President ...CBS News - 1d -
One of Wall Street's biggest bulls cuts his S&P 500 outlook, blaming Trump's tariffs
Widely followed strategist Ed Yardeni, one of the biggest bulls on Wall Street, lowered his market forecast, saying President Donald Trump’s tariffs raise the risk of stagflation.NBC News - 1d -
Modi’s tariff tap dance with Trump
US president’s ultimatum has pushed New Delhi towards a broader realignment on tradeFinancial Times - 16h -
Consumer sentiment falls to a 29-month low. Uncertainty rises due to tariffs and Trump tumult.
A burst of optimism after Donald Trump won the presidential election has evaporated. Americans worry about rising inflation due to the president’s tariffs, a new survey shows, and they are put off ...MarketWatch - 6h -
New China tariffs may mean higher toy prices, but Mattel and Hasbro are working to blunt the impact
Mattel and Hasbro may be forced to raise prices if President Donald Trump’s 20% tariffs on imports from China remain in place, but both companies have mitigation strategies in place.MarketWatch - 5h -
Greenland election: the most consequential in island’s history?
Amid aggressive interest from US president Trump and growing calls for independence ahead of polls, outcome will have far-reaching repercussions. Greenland prepares to vote amid Trump interest – ...The Guardian - 3d -
Ontario premier says he needs 'to sit down as quickly as possible' with Trump on tariffs
Ontario Premier Doug Ford said Monday that he needs "to sit down as quickly as possible" with President Trump regarding tariffs. ‘We're seeing inflation happening already, and it's unnecessary. We ...The Hill - 3d -
Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades
Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out. Follow our Australia news live blog for latest updates Get our ...The Guardian - 3d -
U.S. makes concession, dropping additional 25 percent tariff on steel & aluminum: Ontario premier
Ontario Premier Doug Ford joins Meet the Press NOW to discuss his decisions to lift the 25% surcharge on electricity exports after speaking with Commerce Secretary Howard Lutnick. It comes after ...NBC News - 3d -
Commerce Secretary Lutnick defends Trump's tariffs: "Let the dealmaker make his deals"
Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with ...CBS News - 2d -
Live Updates: Trade Fight Widens as Europe and Canada Retaliate Against Trump Tariffs
As President Trump’s global tariffs on metals took effect, the European Union and Canada announced billions of dollars in levies on American goods. Economists worried that the trade war could over ...The New York Times - 2d -
Goldman Sachs CEO: Business community 'understands' what Trump is trying to do with tariffs
Goldman Sachs CEO David Solomon said that the business community “understands” what President Trump is trying to do with levies on various goods, even though they want "lower tariffs everywhere.” ...The Hill - 2d -
Trump slams EU for reciprocal tariffs while sitting next to Irish prime minister
President Trump hosted Ireland's prime minister at the White House for St. Patrick's Day. It comes as the European Union, which Ireland is a part of, is set to impose tariffs on $28 billion worth ...CBS News - 1d -
Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU
Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance. A federal judge in California ...The Guardian - 19h -
Businesses bemoan Indian ‘tax terrorism’ and red tape
Officials vow to cut bureaucracy and fiscal burden amid fears they could hurt investmentFinancial Times - 5d -
Musk seeks Italian presidential meeting to salvage Starlink deal
Domestic political opposition to $1.5bn deal for secure communications has mounted amid transatlantic diplomatic tensionsFinancial Times - 5d -
How a refugee turned trauma into triumph
A refugee from the Democratic Republic of Congo escaped amid tragedy and violence to build a new life in the U.S.CBS News - 4d -
Ukraine tries to bolster troops in Kursk as Putin's forces advance
Ukraine tries to reinforce troops in Russia's Kursk region as Putin's forces retake ground amid Trump's aid and intel pause.CBS News - 4d -
UN to rent Bangladesh property owned by former regime associate
Sobhan family under scrutiny amid efforts to claw back billions of dollars allegedly lost under Sheikh Hasina’s ruleFinancial Times - 3d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.CNBC - 3d -
US inflation fell more than expected to 2.8% in February
Figure bolsters case for cental bank to cut interest rates amid signs of slowing economic growthFinancial Times - 2d -
Dollar General says lower-income customers shouldn’t expect any relief from high prices this year
The average transaction amount increased amid growth in consumables, which includes food, while traffic declined.MarketWatch - 1d -
IRS chief counsel demoted and replaced with DOGE ally
IRS' top lawyer replaced amid DOGE's alleged push to share taxpayer info with other federal agencies.CBS News - 1d -
Chinese shares turn positive for the year
CSI 300 jumps after Beijing announces consumption plan amid growing hopes for the country’s AI sectorFinancial Times - 12h -
Gold hits $3,000 for first time on global growth fears
Precious metal has benefited amid steep sell-off in Wall Street stocks and concern over trade warsFinancial Times - 10h -
Gold price hits $3,000 as trade tensions mount
Demand for the precious metal has surged amid economic uncertainty over the impact of the global trade war.BBC News - 5h -
European leaders push defense spend amid uncertainty over Trump aid to Ukraine
European leaders have upped the ante on defense spending plans as they look to support Kyiv and fill a potential void of U.S. aid.CNBC - Mar. 7