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President Trump's steel and aluminum tariffs have officially doubled to 50%, and American manufacturing experts are warning that the costs will be passed down in the supply chain, possibly raising prices for consumers. CBS News' Natalie Brand reports.
A U.S. tariff on imports of steel and aluminum took effect Wednesday, doubling to 50% and casting a pall on a gathering of OECD ministers.
While "buy now, pay later" loans have been used for big-ticket items for years, new data shows that a growing number of American consumers use the method for everyday items. CBS News MoneyWatch correspondent Kelly O'Grady has more.
China is pushing back against the U.S. after President Trump accused the country of violating a May 12 trade agreement. CBS News senior business and technology correspondent Jo Ling Kent reports.
A former Trump loyalist is rejecting a pardon for her role in the Jan. 6 Capitol riot. Pamela Hemphill was convicted of a misdemeanor for entering a restricted area during the 2021 attack. Wall Street Journal White House reporter Meridith McGraw, NOTUS reporter Jasmine Wright and CBS News Department of Justice correspondent Scott MacFarlane join to discuss.
The Chinese Commerce Ministry said Monday that recent Trump administration moves, including plans to revoke visas for Chinese students, have violated the trade deal both countries agreed to in Geneva. The statement comes days after President Trump accused China of violating the trade agreement. CBS News' Ed O'Keefe has the latest, and CBS News MoneyWatch correspondent Kelly O'Grady has more on how markets are reacting.
President Trump and Chinese President Xi Jinping haven't spoken since before Mr. Trump took office, but Trump administration officials say a call between the two leaders could happen as soon as this week to discuss the ongoing trade war. It comes as higher steel and aluminum tariffs are scheduled to take effect, with a key trading partner preparing counter measures.
Shares of several major U.S. steel companies jumped Monday after President Trump said he would hike tariffs to 50%.
President Trump will speak with Chinese President Xi Jinping at some point in the near future, according to Treasury Secretary Scott Bessent. This comes after Mr. Trump said that China violated its trade agreement with the U.S. CBS News' Natalie Brand has the latest.
President Trump on Friday announced a doubling of tariffs on foreign imports of steel and aluminum from 25% to 50%, which could threaten to impact the prices of cars, appliances and even construction supplies. Taurean Small has details.
Hours after Elon Musk's farewell ceremony in the Oval Office, a U.S. appeals court denied the Trump administration's request to resume mass firings of federal employees. Meanwhile, President Trump returned to a key battleground state for a rally after declaring new steel tariffs and announcing a deal with Japan's Nippon Steel.
With his tariffs facing legal challenges and no big trade deal yet, President Trump hoped for an economic boost through what he called a "planned partnership" between Japan's Nippon Steel and U.S. Steel, which could save tens of thousands of jobs nationwide, including at least 11,000 around West Mifflin, Pennsylvania. Ed O'Keefe has more.
On Friday in Pennsylvania, President Trump announced that "we are going to be imposing a 25% increase, from 25% to 50%, the tariffs on steel into the U.S., which will even further secure the steel industry in the U.S." CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
President Trump has a number of options at his disposal to implement tariffs, but none are as broad and aggressive as IEEPA.
President Trump's sweeping tariffs were temporarily reinstated following a federal appeals court decision on Thursday. This comes after a federal trade court previously blocked most of Mr. Trump's levies against foreign nations. CBS News' Nancy Cordes breaks down the latest from the White House.
A federal appeals court says President Trump's tariffs can stay in place for now. This came after the court of international trade ruled that they are likely illegal. The back-and-forth is happening as Elon Musk leaves his White House role. He told "CBS Sunday Morning" prior to the announcement of his departure that he has some "differences of opinion" with the Trump administration. Watch more of Pogue's interview with Musk this Sunday, only on "CBS Sunday Morning."
Lisa Seigies, president and CEO of Variety Wholesalers, which purchased assets from the Chapter 11 bankruptcy of Big Lots last year, speaks to "CBS Mornings" about reopening stores and the impact of President Trump's tariffs.
President Trump met with Federal Reserve Chair Jerome Powell at the White House as the nation navigates prolonged inflation and a period of economic uncertainty. CBS News chief White House correspondent Nancy Cordes has more details.
A federal appeals court temporarily reinstated President Trump's sweeping tariffs on Thursday, following an earlier decision by a federal trade court to block most of the levies Mr. Trump imposed against foreign nations. Also, it is Elon Musk's final official day as a "special government employee." CBS News' Natalie Brand has the latest from the White House.
A federal international trade court ruled that many of President Trump's tariffs exceeded presidential power -- then a federal appeals court reinstated them. What does it mean? Tad DeHaven, policy analyst at the Cato Institute, joins to discuss.
The last 24 hours have been a rollercoaster for businesses big and small -- now ensnared in a legal back-and-forth. It's also left many American companies in financial limbo, when all they want is some certainty. Jo Ling Kent reports.
As President Trump's "Liberation Day" tariffs work their way through the courts, New York Gov. Kathy Hochul joins "The Takeout" to discuss the economic impact on her state, immigration raids and more.
In this full interview between New York Gov. Kathy Hochul and CBS News chief Washington correspondent Major Garrett, Hochul slams the Trump administration for ICE raids on some undocumented immigrants, defends Manhattan's congestion pricing and explains her "complex" relationship with President Trump.
President Trump is pushing back on Wall Street's new "TACO" acronym that's being used to describe his economic policies. The acronym stands for "Trump Always Chickens Out." Political strategists Joel Payne and Matt Gorman, along with CBS News chief White House correspondent Nancy Cordes, join to discuss.
California Gov. Gavin Newsom called the move "purposefully inflammatory" and one that "will only escalate tensions."
When asked if his relationship with Elon Musk was over, President Trump said, "I would assume so, yeah."
Miguel Uribe Turbay is the son of a journalist who was kidnapped and killed in 1991 during one of the country's most violent periods.
Sen. Elizabeth Warren said a "petty social media fight" between President Trump and billionaire Elon Musk should not jeopardize U.S. national security.
Nattapong Pinta worked in agriculture before he was kidnapped from Kibbutz Nir Oz by Hamas terrorists on Oct. 7, 2023.
Simone Biles and Riley Gaines traded social media barbs over the latter's recent comments advocating for the exclusion of transgender athletes in women's sports.
Sovereignty, who entered the race with 2-to-1 odds, defeated a field of seven challengers. Journalism finished in second place.
It was the first No. 1 vs. No. 2 final in Paris since 2013, when Serena Williams defeated Maria Sharapova, and just the second in the last 30 years.
Ukraine says that a large Russian drone-and-missile attack has targeted the city of Kharkiv, killing at least three people and injuring 21.
President Trump ordered that at least 2,000 National Guard troops would be deployed to L.A. "for 60 days or at the discretion of the Secretary of Defense."
After six years with no arrest and no publicly named suspect, Missoula, Montana, police released video of missing woman Jermain Charlo to "48 Hours" hoping to generate leads.
The race marked a kind of replay of the Kentucky Derby. Sovereignty finished in first, Journalism ended up in second again and Baeza was third — the same 1-2-3 as the Derby.
Sen. Elizabeth Warren said a "petty social media fight" between President Trump and billionaire Elon Musk should not jeopardize U.S. national security.
The August Egg Company recalled about 1.7 million brown organic and brown cage-free egg varieties distributed to grocery stores between February and May.
Nearly 4 million BowFlex adjustable dumbbells are being recalled because the plates can dislodge and cause injury.
We asked three experts what fresh college graduates can do to prepare as artificial intelligence changes how Americans work. Here's what they said.
Small businesses are reducing labor costs as tariffs put pressure on their bottom lines. Big businesses could be next.
Faulty air conditioning units fail to drain properly and can lead to mold exposure in homes, Midea wans in recall notice.
Tesla share rose in early trade after plunging 14% Thursday following a harsh online exchange between Elon Musk and President Trump.
President Trump ordered that at least 2,000 National Guard troops would be deployed to L.A. "for 60 days or at the discretion of the Secretary of Defense."
Sen. Elizabeth Warren said a "petty social media fight" between President Trump and billionaire Elon Musk should not jeopardize U.S. national security.
When asked if his relationship with Elon Musk was over, President Trump said, "I would assume so, yeah."
Elon Musk floated creating a new political party, possibly dubbed the "America Party," this week, potentially escalating his feud with President Trump.
In May, Hegseth ordered dismissal 75% of civilians working for Pentagon office that conducts live-fire tests of U.S. weapons systems.
The August Egg Company recalled about 1.7 million brown organic and brown cage-free egg varieties distributed to grocery stores between February and May.
Passing nurses Sabrina Castle and Gianna Formisano saved the life of Merryl Hoffman when she experienced a sudden cardiac arrest.
Nearly 4 million BowFlex adjustable dumbbells are being recalled because the plates can dislodge and cause injury.
The Trump administration's cost-cutting efforts have encouraged departures and stalled hiring at the FDA.
The 71-year-old Texas woman was previously healthy before getting an infection from a brain-eating amoeba, a CDC case report said.
Miguel Uribe Turbay is the son of a journalist who was kidnapped and killed in 1991 during one of the country's most violent periods.
Sgt. Aaron Cox of Mabank, Texas, died Thursday near Camp Croft, Hungary.
Coco Gauff is the first American to win the French Open since Serena Williams in 2015.
Ukraine says that a large Russian drone-and-missile attack has targeted the city of Kharkiv, killing at least three people and injuring 21.
Wagner is a group of entities that operate as a private military company.
Jessica Williams has been praised for stealing scenes of "Shrinking," the Apple TV+ dramedy that also stars Harrison Ford and Jason Segel. Dana Jacobson joined Williams on set last month to get a closer look at the making of the beloved series.
The Turnpike Troubadours have releaesd six studio albums since breaking into the music scene in 2007. The band took a hiatus in 2019 and returned in 2022 with a new sound, inspired by frontman Evan Felker's personal journey. In April, the band released a surprise album "The Price of Admission." Now, here are the Turnpike Troubadours with "On The Red River."
The Turnpike Troubadours have releaesd six studio albums since breaking into the music scene in 2007. The band took a hiatus in 2019 and returned in 2022 with a new sound, inspired by frontman Evan Felker's personal journey. In April, the band released a surprise album "The Price of Admission." Now, here are the Turnpike Troubadours with "Heaven Passing Through."
The Turnpike Troubadours have releaesd six studio albums since breaking into the music scene in 2007. The band took a hiatus in 2019 and returned in 2022 with a new sound, inspired by frontman Evan Felker's personal journey. In April, the band released a surprise album "The Price of Admission." Now, here are the Turnpike Troubadours with "Nothing You Can Do."
The Turnpike Troubadours have released six studio albums since breaking into the music scene in 2007. The band took a hiatus in 2019 and returned in 2022 with a new sound, inspired by frontman Evan Felker's personal journey. In April, the band released a surprise album "The Price of Admission." In his first national TV interview, Felker opens up about his whirlwind ride.
We asked three experts what fresh college graduates can do to prepare as artificial intelligence changes how Americans work. Here's what they said.
A study found 6% of American teens have been targets of nude deepfake images that look like them. Some popular social media companies are hosting ads that show how to make these explicit fake images with the help of AI, a CBS News investigation shows. CBS News' Leigh Kiniry reports.
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.
Meta platforms such as Instagram have marketed AI tools that let users create sexually explicit images of real people.
After much anticipation, Nintendo's newest video game console has finally arrived. The Nintendo Switch 2 went out Thursday after President Trump's tariffs forced the company to temporarily delay preorders. Scott Stein, CNET editor at large, joins "The Daily Report" to discuss.
It marks the first time Arsia Mons has been imaged on the planet's horizon, NASA said.
A private lunar lander from Tokyo-based company ispace was aiming for a touchdown in the unexplored far north with a mini rover.
Iran's foreign minister says his country will not accept any nuclear deal with the U.S. that completely bans uranium enrichment. Anna Erickson, professor of nuclear and radiological engineering at Georgia Institute of Technology, joins "The Daily Report" to discuss.
Two Chinese researchers were charged with trying to smuggle strains of a fungus called Fusarium graminearum into the U.S.
The National Science Foundation (NSF) has terminated thousands of research grants, following President Trump's executive order. Todd Wolfson, President of the American Association of University Professors, joins "CBS Mornings Plus" with more details.
After six years with no arrest and no publicly named suspect, Missoula, Montana, police released video of missing woman Jermain Charlo to "48 Hours" hoping to generate leads.
More than 100 police officers are taking part in the search for Travis Decker, an Army veteran suspected of killing his three young daughters. Decker was last seen picking his children up for a scheduled visit.
Earl Enderson Riley IV, 21, was charged with several counts of residential burglary in both occupied and unoccupied homes, along with first-degree robbery.
San Antonio police are investigating a Catholic all-boys high school after several students came forward with allegations of hazing and sexual assault. CBS News reporter Karen Hua has more.
The sex trafficking and racketeering case of Sean "Diddy" Combs continued Friday afternoon, with an unnamed ex-girlfriend retaking the stand. CBS News legal reporter Katrina Kaufman is following the trial.
Even as Elon Musk's SpaceX launched a radio satellite into orbit on Saturday, the Pentagon and NASA are pushing his competitors to speed up the development of their own spacecraft, according to the Washington Post. CBS News New York journalist Ali Bauman has more.
It marks the first time Arsia Mons has been imaged on the planet's horizon, NASA said.
The emerging feud between President Trump and Elon Musk could have a ripple effect on America's space program. Jeff Foust, senior staff writer for Space News, joins "The Daily Report" to discuss the implications.
A Japanese lander crash-landed on the moon in its second straight failure to touch down on the lunar surface. CBS News space consultant Bill Harwood has more on the mission, and President Trump and Elon Musk feud's potential impact on the U.S. space program.
Officials are waiting for a status update from a private Japanese space company on its second attempt to land a private lunar lander on the moon. The lander was set to touch down Thursday afternoon, but communication with it has been completely lost. Leroy Chow, a retired NASA astronaut, joins "The Daily Report" to discuss.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
In August 2015, former FBI agent Tom Martens and his daughter Molly Corbett admitted killing her Irish-born husband Jason Corbett, insisting they beat him in self-defense
This week, the iconic Goodyear Rubber and Tire Company's iconic airships took to the sky over Ohio, celebrating 100 years since the company's first flight. Janet Shamlian climbed aboard.
New evidence shows that President Trump's tariff policies are shaking up global trade. Imports of foreign goods plunged about 16% in April, the largest one-month drop on record. Nancy Chen dives into how the toy business is being impacted.
Twenty-one-year-old American Coco Gauff won her very first French Open on Saturday, defeating top-ranked Aryna Sabalenka of Belarus in a grueling match.
Saturday marks five months since wildfires erupted in and around Los Angeles, California. They burned for 24 days, wiping entire neighborhoods and communities off the map. Elise Preston has new details on the challenges of rebuilding.
Warning: Some images may be distressing to watch. The Hamas-run Gaza Health Ministry said 90 people died on Saturday, shot or killed in Israeli airstrikes. Elizabeth Palmer reports.