Can Trump's tariff threats have an economic impact before they're imposed?

President Trump is threatening to put new tariffs on European alcohol. Meanwhile, Commerce Secretary Howard Lutnick held talks with Canada's finance minister and Ontario's premiere on the tariff back-and-forth between the U.S. and its northern neighbor. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

Topics

‘Economic self-harm’: Australia says it won’t impose reciprocal tariffs on U.S.

Australia said it will not impose reciprocal tariffs on the U.S. after President Trump ruled out exemptions or exceptions for all countries on steel and aluminum tariffs, saying it would only ...
NBC News - 2d
Trump's 200% tariffs could have an unlikely winner — troubled beer brewers

U.S. President Donald Trump's threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary — the ...
CNBC - 55m
Who will EU, Canada's retaliatory tariffs impact the most?

President Trump is moving full speed ahead on tariffs. The administration imposed a 25% tariff on Wednesday on all steel and aluminum imports, and the response from America's allies has been swift. ...
CBS News - 1d
Trump’s Policies Have Shaken a Once-Solid Economic Outlook

Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.
The New York Times - 4d
Wine Businesses Fear Disaster in Threat of Huge Tariffs

President Trump’s threat to impose 200 percent fees on European wines could harm importers, distributors, retailers and restaurants without necessarily helping U.S. producers.
The New York Times - 3h
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance

The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.
The New York Times - Mar. 7
Kentucky bourbon maker says Trump tariffs immediately impacted his business

President Trump's 25% tariffs on all imported steel and aluminum have taken effect. Victor Yarbrough, CEO of Brough Brothers Distillery, the first African American-owned distillery in Kentucky, ...
CBS News - 1d
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 - 1h
Tariffs could impact longstanding electricity trade between US and Canada

The tariffs the Trump administration is imposing on Canada could disrupt the longstanding trade of electricity between the two countries.
ABC News - 2d
Trump meets with CEOs at Business Roundtable as market sell-off continues

Trump, a major proponent of tariffs, told the room full of business leaders that the duties he has already imposed are having a "tremendously positive impact."
CNBC - 2d
America's allies hit back as Trump administration imposes 25% tariffs on metals imports

The U.S. raised tariffs on steel and aluminum imports to 25% as President Trump digs in on trade policies that have rocked financial markets.
NBC News - 3d
The Guardian view on US-Europe relations: Britain is coming to a fork in the road | Editorial

For now Keir Starmer can say there is a middle way, but Donald Trump will soon force Britain to pick a side. No country can avoid the economic impact of Donald Trump’s aggressive trade policy. ...
The Guardian - 1d
Trump’s Big Bet: Americans Will Tolerate Economic Downturn to Restore Manufacturing

The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
The New York Times - 1d
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods

Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration's steel and aluminum duties.
CNBC - 1d
Can Mark Carney, Canada’s New Leader, Take on Trump and His Tariffs?

Mark Carney will most likely be in power just a few weeks before a federal election is held. To win, he will try to convince Canadians he can take on, but also negotiate with, Trump.
The New York Times - 3d
Watch live: Trump addresses business leaders amid economic uncertainty

President Trump will give remarks to a room of business leaders Tuesday evening, as concerns around a possible trade war and the impact of tariffs on the U.S. economy mount. Trump's 25 percent ...
The Hill - 2d
Trump 25% tariffs on steel and aluminum take effect, EU announces retaliation

Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.
CBS News - 2d
Trump, Ontario ease tariff threats

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump nixes plans for tariffs on Canadian steel President Trump scrapped plans ...
The Hill - 2d
S&P 500 falls further, down 10% from all-time high, as mood sours on Trump's tariff threats

The economic chaos unleashed by President Donald Trump has pushed the S&P 500 into a correction.
NBC News - 20h
Trump continues tariff tumult amid economic uncertainty

President Trump told reporters there could be some economic disturbance amid tweaks to tariffs at the end of a tumultuous week in the markets. NBC News Correspondents Aaron Gilchrist, Brian Cheung ...
NBC News - 6d
'I'm not going to bend at all': Trump doubles down on tariff plans as stocks sink

Trump said he would not change his mind about imposing "reciprocal tariffs" on other countries that have their own tariffs on U.S. goods.
CNBC - 21h
Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact

Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S.
NBC News - 3d
House Republican: Trump is 'right over the target' with EU wine tariff threat

Rep. Warren Davidson (R-Ohio) applauded President Trump’s threat to put a 200 percent tariff on wine, Champagne and other alcohol imported from the European Union (EU) if the bloc does not remove a ...
The Hill - 13h
Trump doubles down on tariffs threat amid market downturn

President Trump is doubling down on his widespread tariffs threats despite a stock market downturn that has helped fuel anxiety the nation could slide into a recession. Trump escalated the tit for ...
The Hill - 2d
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 - 21m
Trump tariff threats are pushing Canada's largest oil producer to break its dependence on the U.S.

Alberta Premier Danielle Smith said the oil-producing region could look beyond the U.S. for customers if Trump's tariff threats create uncertainty.
CNBC - 1d
Bolton claims Trump’s threat of sanctions on Russia is ‘totally hollow’

Former White House national security adviser John Bolton brushed off President Trump's recent threat to impose sanctions on Russia over its continued strikes in Ukraine as peace talks are underway. ...
The Hill - 6d
Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor

President Donald Trump also declared that if Canada does not lift other tariffs on the U.S., he will "substantially increase" auto import tariffs next month.
CNBC - 2d
Inflation worries resurfaced even before Trump ramped up tariffs. Don’t expect angst to go away.

Wall Street was already nervous about a potential rise in inflation because of President Trump’s tariffs — and the last thing investors want to see is another disappointing reading on prices even ...
MarketWatch - 2d
Carney talks tough on Trump threat - but can he reset relations?

Canada's next PM, who described the US as a "country we can no longer trust", will need to work with the US president.
BBC News - 4d
Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact

Some European car manufacturers may be able to avoid new U.S. tariffs, at least temporarily.
CNBC - 4d
Trump pledges to match EU and Canada's retaliatory tariffs

Trump repeated trade threats after the European Union and Canada retaliated to US steel and aluminium tariffs.
BBC News - 1d
Trump’s Unpredictable Tariffs Cloud Europe’s Economic Outlook

The mood at a gathering of central bankers, economists and analysts in Europe was somewhat bewildered, as they assessed the unpredictability of trade policy and geopolitics.
The New York Times - 1d
Another avocado seller is downplaying tariffs — but is still monitoring this Trump policy

Calavo Growers Inc., a company that distributes avocados from Mexico and California, said Wednesday that it didn’t expect any U.S. tariffs on imports from Mexico to have a “meaningful impact” on ...
MarketWatch - 22h
From London to New York via Switzerland: the booming trade in gold bars

Fears that Donald Trump could impose tariffs on gold imports have upended the market
Financial Times - 10h
Trump says he's doubling tariffs on Canadian steel and aluminum to 50%

President Trump said that he will impose even higher tariffs on Canadian steel and aluminum imports beginning on Wednesday.
CBS News - 3d
Lutnick says Trump's policies are "worth it" even if they lead to recession

The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
CBS News - 2d
How can daylight saving time impact your health?

Changing the clocks can, of course, impact your sleep. But that can lead to more problems, experts warn.
The Hill - 6d
Trump doubles down on tariff threat: ‘I’m not going to bend’

President Trump called the European Union “hostile and abusive” and threatened to slap a 200 percent tariff on European alcohol if the E.U. does not drop its 50 percent levy on American whiskey. ...
NBC News - 16h