Late last week, US President Donald Trump used separate social media posts to announce several new tariffs, described later as the “bonfire of the bathroom vanities”. That’s because there’s a new 50 per cent tariff on imports of kitchen and bathroom cabinets, plus 100 per cent on pharmaceuticals, 30 per cent on upholstered furniture and 25 per…
U.S. farmers in a bind as crop prices crash and tariffs drive higher equipment costs – CBS News Watch CBS News America’s farmers are caught in a crisis between a combination of high operating costs, low commodity prices and lost markets. Lana Zak reports. Source link
The Trump administration is developing a policy requiring semiconductor companies to match their domestic chip production with the volume their customers import from overseas, or face tariffs of up to 100%, according to a Wall Street Journal report..Under the proposed rule, chipmakers would need to maintain a 1:1 ratio between US-made semiconductors and imported chips…
President Trump announced Thursday that the U.S. would impose a new round of tariffs, including a 100% tariff on pharmaceutical drugs, a 30% tariff on upholstered furniture, a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tariff on heavy trucks. In social media posts to Truth Social, Mr. Trump said the new…
Once the reporter finished her question on the the GPS jamming, Trump continued: “Nobody knows where it came from, but they did take away her ability to use the phone.” He added: “You know, sometimes that’s a good thing. Sometimes if it happened to me, I’d be very happy.” Beneath the joke, he was unexpectedly au…
Retailers around the U.S. are expected to sharply reduce the number of workers they add for the holidays, a shift from their usual seasonal hiring sprees to help cope with the annual crush of customers. Outplacement firm Challenger, Gray and Christmas attributes the weak demand for extra workers this year to companies bearing the heavier…
President Trump said he had a “very productive call” on Friday with Chinese President Xi Jinping. The two discussed a potential deal for TikTok and ongoing trade tensions between the U.S. and China. CBS News national security contributor Sam Vinograd has the national security roundup. Source link
For Keir Starmer, securing record levels of US investment into Britain has validated his offer of an unprecedented second state visit to Donald Trump, a high-risk gamble that was designed to keep the unpredictable president on side. Trump celebrated his historic visit to Britain by announcing £150bn ($203bn) of corporate investment in the UK’s technology,…
Americans’ grocery bills are growing, causing some shoppers to cut back on discretionary spending as they find themselves struggling to afford the basics. Food prices grew by half a percent from July to August, marking the fastest monthly rate of change since the fall of 2022. Behind the rising cost of food items on store…
L.A. cookie shop owner sees profits crumble under tariff burden – CBS News Watch CBS News Lara Adekoya says her Los Angeles bakery is now paying $50 to $100 more per bag for premium ingredients imported from countries around the world due to President Trump’s tariffs. Elise Preston reports. Source link