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…
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…