President Trump said Wednesday he would impose a 50% tariff on goods from Brazil next month, one of the steepest rates for any U.S. trading partner, citing the criminal prosecution of former Brazilian President Jair Bolsonaro, which Mr. Trump called an “international disgrace.” Mr. Trump has sent open letters to about 20 countries this week — … Read more
Nvidia becomes first company to hit $4 trillion value – CBS News Watch CBS News Artificial intelligence giant Nvidia became the first company to surpass a $4 trillion market valuation on Wednesday. CBS News MoneyWatch correspondent Kelly O’Grady has the details. Be the first to know Get browser notifications for breaking news, live events, and … Read more
Trump sends tariff letters to six more countries – CBS News Watch CBS News President Trump announced on social media that he issued tariff letters to Algeria, Brunei, Iraq, Libya, Moldova and the Philippines. CBS News’ Natalie Brand has the latest. Be the first to know Get browser notifications for breaking news, live events, and … Read more
McDonald’s is reviving fan favorites, spicing up its menu and emphasizing low-cost items to bring inflation-weary customers back to the Golden Arches. The world’s largest restaurant chain recently announced it was bringing back the popular Snack Wrap, which makes its return to McD’s outlets on July 10, along with a new, limited-time Spicy Egg McMuffin … Read more
Trump now says “everybody has to pay” on Aug. 1 tariff deadline – CBS News Watch CBS News President Trump conducted a Cabinet meeting in front of cameras on Tuesday and took questions on his new deadline of Aug. 1 to impose tariffs on over a dozen nations. CBS News’ Ed O’Keefe and Kelly O’Grady … Read more
Trump to hold Cabinet meeting on trade as new tariffs threats emerge – CBS News Watch CBS News President Trump is set to hold a Cabinet meeting on Tuesday as the White House continues to apply pressure on global trade partners to reach deals with the U.S. by Aug. 1. Meanwhile, investors are reacting to … Read more
Trump sends tariff threats to 14 countries – CBS News Watch CBS News President Trump said the U.S will impose 25% tariffs on goods from South Korea and Japan by August 1, while also threatening to hit a dozen other nations with steep import duties by next month. Kelly O’Grady has more. Be the first … Read more
Breaking down Trump moves on tariffs, meeting with Netanyahu – CBS News Watch CBS News In letters sent to 14 countries, including Japan and South Korea, President Trump said they could face anywhere from a 25% to 40% tariffs. Meanwhile, the president is hosting Israeli Prime Minister Benjamin Netanyahu at the White House. Ed O’Keefe … Read more
What to know about Trump’s new tariff deadline – CBS News Watch CBS News President Trump notified Japan, South Korea and another dozen countries on Monday that they would face 25% tariffs on all exports to the U.S. starting Aug. 1. CBS News senior White House and political correspondent Ed O’Keefe reports. Be the first … Read more
Stocks dipped Monday after President Trump announced a fresh salvo of tariffs on more than a dozen countries as he works to rectify what he views as persistent trade imbalances. The S&P 500 as fell 49 points, or 0.8%, to close at 6,230, while the Dow Jones Industrial Average fell 422 points, or 0.9%, to close … Read more