What Trump has said about tariffs as stock market reacts
CBSN
President Trump has vehemently defended the sweeping tariffs unveiled by his administration on what he dubbed "Liberation Day" last week, even as they threaten to spark a global trade war and have sent stock markets tumbling around the world.
In the United States, many are concerned about levies driving up the price of everyday goods, and Goldman Sachs economists on Monday cited them in a report raising the odds of a recession to 45%. JPMorgan CEO Jamie Dimon cautioned the tariffs could slow the economy and "will likely increase inflation."
Mr. Trump on April 2 announced a baseline 10% tax on all U.S. imports, plus additional "reciprocal" tariffs on imports from 90 countries. He pitched the tariffs as a strategy to reduce the trade deficit between the U.S. and other global powers, including China and the European Union.
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For China, soaring U.S. tariffs are "a joke," as Chinese officials put it Friday, while sharply hiking levies on American imports. Investors aren't laughing.
Iran is seeking a "real and fair" agreement with the United States on its nuclear program, a senior aide to supreme leader Ayatollah Ali Khamenei said Friday, ahead of talks over the weekend.
The nation's top health agency will undertake a "massive testing and research effort" to determine the cause of autism, Health and Human Services Secretary Robert F. Kennedy Jr. announced Thursday.
Egg prices remain costly ahead of the Easter holiday. But that isn't stopping families from dyeing eggs this year, continuing an Easter tradition.
The Trump administration's volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible avoid — the added business costs.
A suspect has been apprehended after targeted shootings at a Georgia Walmart and an area home left two dead and one injured, authorities said Friday.
President Donald Trump's firings at the Department of Health and Human Services included the entire office that sets federal poverty guidelines, which determine whether tens of millions of Americans are eligible for health programs such as Medicaid, food assistance, child care, and other services, former staff said.
Reginald Reed Jr., known as Reggie, spent more than two decades wondering who killed his mother, Selonia Reed, when he was only 6 years old. Selonia, a bank teller, was 26 when her body was found in her car in Hammond, Louisiana.
The victims of the deadly helicopter crash in the Hudson River are starting to be identified, as the aircraft is removed from the waters between New York and New Jersey.
Washington — The Senate confirmed retired Air Force Lt. Gen. Dan "Razin" Caine to become the next chairman of the Joint Chiefs of Staff on Friday, filling the position almost two months after President Trump fired his predecessor.
The Social Security Administration this week began to classify thousands of immigrants with temporary legal status and Social Security numbers as dead, according to three sources familiar.
An Idaho teen is in critical condition with his leg amputated after police shot him nine times. Officers say Victor Perez, a mentally and physically disabled autistic teen, wielded a knife when they encountered him in his front yard Saturday, but his family says police should have deescalated.
Louisiana resident Adam Petersen was ahead of the curve when he named his Cajun charter fishing boat company "Gulf of America Outfitters." The name wasn't meant to be a political statement, but a symbol of the local community's connection to the environment, he said.