President Donald Trump reignited America’s on-again, off-again trade war with Canada on Thursday in a catty letter to Prime Minister Mark Carney. Trump threatened to impose a 35 percent tariff on Canadian goods beginning Aug. 1 unless Canada decides to build or manufacture its products in the U.S. The letter to Carney was part of…
L.A. port head says lower cargo volume could impact holiday season – CBS News Watch CBS News President Trump is escalating his global trade war, threatening new tariffs on several countries starting Aug. 1, unless deals are struck. With back-to-school and holiday shopping nearing, the move could hit store shelves hard. Jo Ling Kent reports….
U.S. textile company CEO says tariffs are “wreaking havoc” as it cuts jobs – CBS News Watch CBS News A recent report found U.S. manufacturers are still seeing a decline in orders from customers amid uncertainty over shifting tariffs. Skyler Henry spoke to a U.S. textile company CEO about what he’s up against. Be the…
President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.’s largest trading partners. The president announced the 35% tax in a letter to Canadian Prime Minister Mark Carney posted to Truth Social, citing Canada’s alleged “failure to stop the drugs from…
Atlanta, Georgia — Pillows filled and sealed for a good night’s sleep at the Atlanta warehouse of home bedding company Standard Fiber are one of many things giving its CEO, Chad Altbaier, nightmares. “Planning is practically impossible,” Altbaier told CBS News. “Probably the most challenging time of my career.” Nevada-based Standard Fiber is the middleman…
Economist Justin Wolfers believes markets may be underestimating President Donald Trump‘s “passion for tariffs” in assuming that he will renege on his latest trade threats. Speaking to CNN on Wednesday, Wolfers, a professor of economics and public policy at the University of Michigan, said: “People have convinced themselves that Trump is going to chicken out…
All will come into effect in August, as more announcements are expected. EU negotiations, for instance, are still ongoing. Trump has also newly threatened countries that align themselves with what he called the “anti-American” policies of the BRIC nations (core members include Brazil, Russia, India, China and South Africa), with an additional 10 per cent…
The push for honest “Made in USA” labels – CBS News Watch CBS News As President Trump’s trade war expands, one slogan gaining traction — “Made in the USA” — is no longer just a pitch, it’s a rallying cry. Ash-har Quraishi reports. Be the first to know Get browser notifications for breaking news, live…
President Trump’s threat this week to impose a 50% tariff on U.S. copper imports targets a vital metal that is widely used in many products and industries. That could lead to higher prices for everything from appliances and electronics to cars and home repairs, economists and industry experts said. Although Mr. Trump has yet to…
McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world’s largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD’s outlets on July 10, along with a new, limited-time Spicy Egg McMuffin…