Steel and aluminum tariffs could cause broad price hikes across industries, experts say
CBSN
Sweeping 25% tariffs on all U.S. steel and aluminum imports could cause a rise in prices for a wide range of products including cars and washing machines and other consumer goods, as well as components used in manufacturing and construction, such as nails.
Anything that's made with metal, from homes and cars to canned foods and beverages could soon get a new and higher price tag.
"All manufacturing that uses steel or aluminum, or uses something that uses steel and aluminum will be affected," international trade expert Christine McDaniel, senior research fellow at the Mercatus Center at George Mason University, told CBS MoneyWatch.
Trading in U.S. stocks rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February.
NASA is finally ready to launch its next space station crew, clearing the way for Starliner astronauts Barry "Butch" Wilmore and Sunita Williams to head back to Earth more than nine months after they took off on what they thought would be an eight-day stay in space.
Inflation rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes remain elevated despite the Federal Reserve's efforts to tame inflation to a 2% annual rate.
Get ready for March's full "Blood Worm Moon," a phenomenon that will make the moon appear red during a total lunar eclipse.
A federal appeals court has tossed an Amarillo woman's death sentence after it found that local prosecutors had failed to reveal that their primary trial witness was a paid informant.
Lawyers for an activist who led pro-Palestinian protests at Columbia University are expected to face off Wednesday in court with federal officials who want him deported.
Nuuk, Greenland — The center-right Demokraatit Party won the most votes in Greenland's parliamentary elections, a surprise result as the territory went to the polls in the shadow of President Trump's stated goal of taking control of the island one way or another.
They run businesses. They tend bars. They pay taxes. While they are in the U.S. illegally, they are largely spared the scrutiny of that label. But still they live in fear. They are the thousands of undocumented Irish immigrants in America today.
The heads of U.S. and Russian spy agencies have have spoken by phone and agreed to keep up regular contacts to lower the temperature in U.S.-Russia relations, news reports said Wednesday.
NASA's newest space telescope rocketed toward orbit Tuesday to map the entire sky like never before — a sweeping look at hundreds of millions of galaxies and their shared cosmic glow since the beginning of time.
Tucked beneath snow-capped mountains in Montana, the Missoula Fire Sciences Laboratory is unlike any other lab in the country. It's where scientists are starting fires to better understand how they burn — and how to manage them.
BATON ROUGE, La. — A federal judge has halted Louisiana's first death row execution using nitrogen gas, which was scheduled to take place next week.
Aging 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind.