7/6: Face the Nation – CBS News Watch CBS News This week on “Face the Nation with Margaret Brennan,” Weijia Jiang speaks with Democratic Rep. Tom Suozzi of New York and the director of the National Economic Council, Kevin Hassett, in the aftermath of President Trump’s newly signed “big, beautiful bill.” Meanwhile, search and rescue…
US-China relations have been on a roller-coaster it would seem with President Trump announcing across the board tariffs of 145% on Chinese imports, followed by the latter imposing retaliatory tariffs of 125%. “In the last week of June it was announced that a new deal had been signed and the contours of that deal ……
Trump turns attention to trade after major legislative win – CBS News Watch CBS News The deadline is fast approaching for countries to make new tariff agreements with the U.S. or face a higher rate. The Trump administration is putting them on notice. Willie James Inman has the details. Be the first to know Get…
Continued job growth and an expected economic boost from the tax cuts in the One Beautiful Big Bill … More Act (OBBBA) helped push the probability of an economic downturn closer to the lows of the year. President Trump’s July 9 tariff deadline looms as the next big hurdle this week. getty Better-than-expected job growth…
China has excluded the three major spirits giants from its punitive tariffs on Cognac, announced today (4 July). Pernod Ricard, LVMH and Rémy Cointreau have all been spared from China’s duties of up to 34.9% on EU brandy producers. Announced today, China’s Ministry of Commerce (MOFCOM) has confirmed anti-dumping tariffs on EU brandy of up…
How President Trump’s tariffs could impact future July Fourth fireworks celebrations – CBS News Watch CBS News Millions will gather across the U.S. for the dazzling sights of fireworks to mark the Fourth of July, but the tradition relies almost exclusively on China. The Asian country makes nearly all of the fireworks that are used…
President Trump recently said he found a buyer for TikTok, the controversial Chinese-owned short-video app but his real problem is with the seller, On The Money has learned. TikTok is being used as a pawn in the US-Chinese trade negotiations by Beijing, which knows that Trump wants the app to remain operating in the US,…
Massive fireworks supplier says tariffs forced company to eat millions in added costs – CBS News Watch CBS News With the Fourth of July comes sky-high demand for fireworks, but this year, soaring tariffs could dull the show. Elise Preston reports. Be the first to know Get browser notifications for breaking news, live events, and…
Treasury Secretary Scott Bessent hit out at the nation’s and apparel sector for questioning the administration’s trade strategy and its impact on business. During a segment on CNBC on Thursday, Bessent, in an attempt to defend the recent trade deal with Vietnam that will result in a new, 20-percent duty rate, said that U.S. businesses…
A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade. The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called “Liberation…