Economist discusses latest trade deals – CBS News Watch CBS News Kyle Handley, an economist and adjunct scholar at the Cato Institute, joins CBS News to discuss the latest on tariffs and trade deals. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source…
A U.S. Department of Commerce employee has been restricted from leaving China by authorities in Beijing, a State Department spokesperson told CBS News on Monday. The unidentified government employee’s restricted travel was confirmed as Beijing revealed new information about a U.S.-based Wells Fargo banker who has also been subjected to an exit ban. “We can…
Welcome back to World Brief, where we’re looking at how Japan’s election results could hamper U.S. trade talks, Israeli forces attacking Gaza’s main humanitarian aid hub, and a deadly plane crash in Bangladesh. Election Defeat Japanese Prime Minister Shigeru Ishiba vowed on Monday to remain at his post despite his ruling coalition suffering a devastating…
WASHINGTON/BEIJING – Aides to Donald Trump and Chinese leader Xi Jinping have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, according to two people familiar with the plans. While plans for a meeting have not been finalized, discussions on both sides of the Pacific…
Why millions of Americans could see their health insurance rates rise – CBS News Watch CBS News Millions of Americans who take advantage of the Affordable Care Act could see their health insurance costs skyrocket next year due to multiple factors, including the expiration of COVID-era subsidies. The national health information nonprofit KFF found that…
U.S. Federal Reserve Governor Christopher Waller said yesterday that he thinks the Fed should cut interest rates at the end of July because he thinks the U.S. economy’s “momentum has slowed significantly,” and he’s worried about unemployment rising. He’s not alone. Oxford Economics’ Ryan Sweet told clients this week that President Trump’s tariffs will shave…
(Bloomberg) — When At Home Group Inc.’s lawyer stood before a US bankruptcy judge last month asking to wipe out nearly $2 billion of the retailer’s debt, the reason came quick: tariffs. It’s a line that’s showing up in more and more courtrooms. Tile importer Mosaic Cos. blamed them in a recent filing. Just weeks…
A new survey of American companies operating in China has indicated that most of them consider the country’s market critical despite fraying bilateral relations, tariffs, economic weakness and lost market share. Nearly all respondents participating in an annual US-China Business Council survey said they cannot remain globally competitive without their business in the world’s second-largest…
The back-to-school season may seem at least a month away on the calendar, but for a majority of American families, it’s already begun. Two-thirds of back-to-school shoppers have already started buying clothing and supplies ahead of the new school year — a 55% increase on the level of early purchases last year. That’s according to…
Stocks dipped on Tuesday as new consumer price index data showed rising inflation and the Aug. 1 deadline for Trump’s tariff campaign loomed. President Donald Trump’s tariff campaign is coming for your price tags. On Tuesday, the Labor Department released new data on its Consumer Price Index, showing that consumer prices rose 2.7% in June…