WASHINGTON (TNND) — U.S. Stocks closed at an all-time high on Friday. This soar came after a period where stocks continuously dropped amid fluctuating tariffs and trade war. The market’s turnaround occurred in about half the time that it normally takes, said Sam Stovall, chief investment strategist at CFRA. “Investors will breathe a sigh of…
Furniture store owner says tariffs are forcing him to close – CBS News Watch CBS News Most will see just a furniture store when they visit My Home Contemporary Furniture in Merriam, Kansas, but for owner Henrik Svendsen, it’s the culmination of his life’s work. Tariffs are now threatening that. Ian Lee reports. Be the…
How a tax on companies like Amazon, Google has stalled trade talks with Canada President Trump has decided to stop trade negotiations with Canada, citing a digital service tax affecting American companies as the reason. Updated: 5:28 PM CDT Jun 27, 2025 Editorial Standards ⓘ White House Correspondent President Donald Trump announced the suspension of…
Despite concerns earlier this year that President Trump’s tariffs would cause a renewed bout of inflation, the prices of goods and services across the U.S. have remained relatively stable. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 2.3% in May, modestly above the central bank’s 2% annual target. The May…
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…