President Trump on Thursday hailed his new trade pact with the U.K. as a “maxed out deal” that will serve as a template for agreements with other nations. But some experts are taking a dimmer view, noting that the U.K. agreement suggests high tariffs are set to remain in place for the long term. Although…
Chinese exports to the U.S. plunged in April, as steep tariffs on China make it too costly for many U.S.-based retailers to import goods from the country. President Trump ratcheted up his trade war with Beijing in April, hiking tariffs on Chinese goods to up to 145%. China retaliated with 125% levies on Americans goods. …
How higher tariffs are making flowers more expensive – CBS News Watch CBS News This weekend may be Mother’s Day, but it’s the Super Bowl for floral businesses. According to the National Retail Federation, Americans are expected to spend more than $3 billion on flowers alone. Michael George reports on how higher tariffs are trimming…
President Trump’s tariffs are making it a lot more expensive to have kids, parents and baby gear makers say. Sweeping levies imposed by Mr. Trump in April are hiking the prices of baby essentials, including car seats and strollers, amounting to a tax on parents, advocates for reducing costs for families say. At the same…
President Trump signaled Friday that the U.S. may be open to lowering tariffs on China. “80% Tariff on China seems right!” he wrote on Truth Social, his social media platform. “Up to Scott B.” The conciliatory tone of Mr. Trump’s post comes as Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled…
In April, US President Donald Trump announced sweeping, across-the-board tariffs targeting friends and foes. While reciprocal tariffs were temporarily suspended for most countries — China being the key exception — a baseline 10% levy on all US imports and auto tariffs remains in place. With a single stroke, Washington sent markets reeling and global policymakers…
President Trump claims that other countries and exporters to the U.S. will largely pick up the cost of tariffs. Yet recent data shows that companies are moving to pass along those added expenses to American consumers, which may push up prices. For example, 76% of Texas manufacturers said they plan to pass tariff-related costs to…
President Donald Trump’s freshly announced trade deal with the United Kingdom is a big win for the White House — one his team must expand by getting more agreements inked, pronto. With fine details still being ironed out, the deal will eliminate the 25% tariffs on UK aluminum and steel (while keeping the baseline 10%…
Markets rallied Thursday as investors awaited a trade agreement between the United States and United Kingdom. Mr. Trump is set to announce the deal at 10 a.m. ET from the Oval Office. The S&P 500 rose 14 points, or 0.25%, to 5,645 in early trading, while the Dow Jones Industrial Average rose 89 points, or…
President Trump says the U.S. may be close to announcing new tariff agreements as his administration faces pressure to strike deals with major trade partners before a 90-day pause on reciprocal tariffs ends on July 9. Since announcing a bevy of tariffs from the Rose Garden in early April, President Trump and his team have been in…