Parents rush to buy school supplies before tariff deadline – CBS News Watch CBS News The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more….
When President Donald Trump revealed that his administration had struck a “massive” trade and investment deal with Japan, he described it as “completed”—but it must still pass the Japanese parliament, called the Diet, which is riven with political turmoil. The deal will likely require—at least in part, if not in full—approval by the Diet, where…
It’s a new week, and a new historical high. The S&P 500 index reached a new all-time high on Friday, marking the third time this week and the sixth time in July that the record has been broken. The market continues to ignore the ongoing tariff escalations (30% tariffs on Mexico and the EU), the…
EU diplomats briefed on the matter told POLITICO they are expecting a 15 percent U.S. baseline tariff deal before Trump’s Aug. 1 deadline. “Everyone is quite tense,” said an EU diplomat. ‘They kept coming back’ Trump announced tariffs on 60 trading partners in April, ranging up to 50 percent. The U.S. president said any deal with…
London — President Trump is due to arrive Friday for what the White House is calling a “working visit” to Scotland. It’s expected to include a mix of both personal time and political business. As was the case during his last visit as president in 2018, he is likely to be greeted by protests everywhere he…
The new normal for U.S. tariffs on foreign goods starts at 15%. Even as President Trump seeks to forge new terms of trade with Japan, the European Union and other global economic partners, he is raising the floor for tariffs to their highest level in decades. Speaking at an AI summit on Wednesday, Mr. Trump said “we’ll…
President Trump on Friday said he’s considering issuing rebate checks for Americans based on the billions in new tariff revenue collected by his administration. “We’re thinking about a little rebate. But the big thing we want to do is pay down debt. But we’re thinking about a rebate,” Mr. Trump said in comments to reporters…
President Trump said on Friday there is a “50/50 chance, maybe less than that” of his administration striking a trade deal with the European Union ahead of a looming deadline next week. Mr. Trump, who made the comments before he left for a four-day visit to Scotland, comes ahead of the White House’s Aug. 1…
Balmedie, Scotland — President Trump is due to arrive in Scotland Friday for a four-day private trip — his first to the U.K since he was re-elected. The White House says he’ll meet near the end of his visit with Prime Minister Keir Starmer to discuss trade, but he’ll also be opening a brand-new course at…
New Japan trade agreement raises tariffs as automakers brace for impact – CBS News Watch CBS News President Trump’s new trade deal with Japan includes a 15% tariff on exports to the U.S., up from earlier rates. CBS News MoneyWatch correspondent Kelly O’Grady breaks down how this could impact major automakers. Be the first to…