Canada scraps digital services tax, says trade talks with U.S. have resumed – CBS News Watch CBS News Canadian Prime Minister Mark Carney said that trade talks with the U.S. have resumed after Canada dropped its planned digital services tax. Also, President Trump said over the weekend that he doesn’t plan to extend his 90-day … Read more
Toronto — Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms. President Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and … Read more
How tariffs are affecting firework sales – CBS News Watch CBS News Most fireworks come from China, but this year, some shipments were complicated by President Trump’s tariffs. Shanelle Kaul reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
Merriam, Kansas — 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. “I opened up four years ago,” Svendsen told CBS News. “I thought it would be the retirement for the kids.” Svendsen is closing … Read more
Why did Trump cancel all trade talks with Canada? – CBS News Watch CBS News President Trump said Friday the U.S. will stop all trade talks with Canada, effective immediately. CBS News chief White House correspondent Nancy Cordes has the details. Be the first to know Get browser notifications for breaking news, live events, and … Read more
Fed Chair: Tariffs could drive up inflation Fed Chair testifies that tariffs could drive up inflation, which is why rates were held steady 03:04 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 … Read more
May 23: CBS News 24/7, 1pm ET – CBS News Watch CBS News President Trump threatens to hit Apple with a 25% tariff on iPhones made outside the U.S.; Astronaut Suni Williams delivers commencement speech at Merrimack College in Massachusetts. Be the first to know Get browser notifications for breaking news, live events, and exclusive … Read more
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 … Read more
May 23: CBS News 24/7, 10am ET – CBS News Watch CBS News President Trump threatens 50% tariffs on the EU and 25% penalties on Apple if it doesn’t shift some of its iPhone production to the U.S.; Minneapolis marks 5 years since George Floyd’s death. Be the first to know Get browser notifications for … Read more
Leading stock market indexes opened in record territory, with investors buoyed by signs of progress on a U.S.-China trade deal. Shortly after the start of trade on Friday, the S&P 500 rose 14 points, or 0.2%, to 6,155 points, surpassing its previous all-time closing high in February of 6,144. The index also briefly edged above … Read more