Here's why Trump thinks tariffs are good for the U.S. — and what the experts say
CBSN
President-elect Donald Trump, an avowed fan of tariffs, is pledging to enact stiff import duties as soon as he's inaugurated in January. For Trump, these new levies would both supercharge the trade policies pursued during his first administration and, more broadly, help the U.S. achieve key economic and social goals.
On his Truth Social site Monday evening, Trump unveiled plans to place a 25% tariff on all imports from Mexico and Canada on January 20, his inauguration day. The president-elect also said he intends to levy an additional 10% fee on all imports from China.
Trump's penchant for protectionist trade policies is a source of concern for many economists and Wall Street analysts, who worry new tariffs and retaliatory measures by U.S. trade partners could slow economic growth, spur inflation and trigger a trade war.
Married couples across the U.S. have had access to no-fault divorce for more than 50 years, an option many call crucial to supporting domestic abuse victims and key to preventing already crowded family courts from drowning in complicated divorce proceedings.
NEW YORK -- An Osprey being used to ferry White House staff and government officials from an event in New York on Monday was grounded due to a safety concern, with one witness reporting flames under the right engine.
A sonar image suspected of showing the remains of the plane of Amelia Earhart, the famed American aviator who disappeared over the Pacific in 1937, has turned out to be a rock formation.
A pilot and a rescue dog he was transporting to an animal shelter were killed when a small plane crashed in the snowy woods of the Catskill Mountains, though two other dogs were later found to have survived, authorities said.
Walmart, the world's largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists.
The typical American retires far earlier than he or she expects to, and it's often not by choice, according to new research from the Transamerica Center for Retirement Studies.
Rapper Drake's company Frozen Moments filed a petition in a New York court Monday accusing the streaming service Spotify and Universal Music Group of conspiring to inflate the streams of Kendrick Lamar's hit diss track "Not Like Us."
President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
A class of drugs known as GLP-1s have been helping people lose weight, but out of pocket costs put them out of reach for many Americans. In West Virginia, a subsidy program for public employees was showing promising results, but then the state abruptly ended it, leaving many searching for new solutions.
President Biden and first lady Jill Biden will attend President-elect Donald Trump's inauguration on Jan. 20, the White House said Monday.
Starbucks said Monday that a ransomware attack on a third-party software provider is hindering its ability to track baristas' hours and manage their pay.