CBS News Live CBS News 24/7 Live President Trump says he’s “terminating all discussions on trade with Canada, effective immediately,” after Canada announced a digital services tax on large foreign and domestic technology companies. Posting on Truth Social Friday afternoon, the president said the U.S. will let Canada know what their tariff rate will be…
Leading stock market indexes opened in record territory, with investors buoyed by signs of progress on a U.S.-China trade deal. By midday Friday, the S&P 500 was up 43 points, or 0.7%, to 6,184, above its previous all-time closing high in February of 6,144. The index, which also briefly edged above its previous record on…
What we know about the U.S.-China trade deal that Trump touted – CBS News Watch CBS News A White House official says the June talks with China over certain aspects of trade with the U.S. have been formalized into an agreement. CBS News’ Weijia Jiang reports. Be the first to know Get browser notifications for…
The U.S. and China have agreed on a trade deal that would reduce tariffs and expedite shipments of rare-earth metals. United States Treasury Secretary Scott Bessent said on Friday that U.S. tariffs on Chinese imports will now start at 30%, while China’s duty rate on goods from the U.S. will be at 10%. The 20%…
President Donald Trump has announced the signing of a deal with China and hinted at an upcoming ‘great deal’ with India. This follows rocky trade relations and tariff impositions by the Trump administration. A bilateral trade agreement between India and the US is expected to be signed during Trump’s potential visit to India for the…
The remarks show how the mood has changed across the bloc on the potential pact it hopes to agree with the Donald Trump administration. Brussels at first trashed the agreement that London struck with Washington, but now the EU is coming to terms with the prospect that keeping a 10 percent baseline tariff is the…
The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing. And—you guessed it—the person responsible is…
Stock markets seem to be celebrating the ceasefire between Iran and Israel and the resulting decline in the price of oil. Asia markets were up and Europe was flat in early trading. S&P futures were flat this morning too, following a decline in the price of oil to $68 per barrel over the last few…
LONDON (Reuters) -China announced additional tariffs of 34% on U.S. goods on Friday, upping the ante in a global trade war after President Donald Trump’s sweeping tariffs this week. Growing fears of a recession roiled global stocks for a second day on Friday. Banking stocks cratered as investors fretted about growth and priced in far…
Trump’s two-week delay on an Iran bombing decision has generated uncertainty that is holding investors (and businesses) back from making decisions. While the “fear index” dropped, U.S. markets still slid slightly in premarket trading. Investors didn’t exactly breathe a sigh of relief after President Trump postponed a decision on bombing Iran for two weeks. U.S….