Global Tariffs - LeadStory

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Trump: Letters telling countries their tariff rate going out Friday

President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.

Reuters

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Fireworks supplier says tariffs forced company to eat millions

With the Fourth of July comes sky-high demand for fireworks, but this year, soaring tariffs could dull the show. Elise Preston reports.

CBS America

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Insurance costs for Strait of Hormuz 'all over the place'

Tom Lister, the CEO of Global Ship Lease, discusses the impact of Trump's tariffs and the ongoing crises in the Middle East on global shipping.

CNBC

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Automakers push Ottawa to drop EV mandates

Prime Minister Mark Carney met with some of Canada’s major automakers to push the government to repeal a mandate requiring all new vehicles to be emissions free by 2035.

CBC Canada

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Trump admin, EU holding talks in D.C. as tariff deadline nears

The Trump administration is holding chats with representatives of the European Union to discuss trade as the tariffs deadline looms. CBS News' Ramy Inocencio reports.

CBS News

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UAE, Saudi Arabia big gainers from a weaker USD: Strategist

Vijay Valecha, Chief Investment Officer for Middle East markets at Century Financial says the UAE and Saudi Arabia would benefit the most among Gulf countries from a weakening U.S. dollar.

CNBC

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Trump says he will put 20% tariff on Vietnam, cooling tensions

The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

Reuters

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Japan's auto industry faces uncertainty amid U.S. tariff threats

US President Donald Trump is threatening to impose tariffs as high as 35 percent on Japan, if a trade deal between the two countries isn't reached. That's generating uncertainty in the Japanese auto industry.

Al Jazeera

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President Trump announces trade deal with Vietnam

CNBC's Eamon Javers joins 'Squawk on the Street' with the latest news from the White House.

CNBC

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PNC: Tariffs unlikely to cause as much consumer disruption as feared

Yung-Yu Ma, PNC Asset Management chief investment strategist, joins 'Money Movers' to discuss his market outlook and Trump's recent announcement of a trade deal with Vietnam.

CNBC

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How could the U.S.-China trade rearrangement affect Europe?

Amid the pressures posed by unpredictable US-China trade relations, many US firms are considering alternative supply sources to avoid rising prices. Could Europe be the answer?

Euronews

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Trade tensions overshadow Canada Day celebrations in Washington

Trade tensions between Canada and the U.S. cast a shadow over traditional Canada Day events in Washington, but many expressed hope the relationship between the two countries isn’t beyond repair.

CBC News

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U.S. auto sales lose steam amid price pressure

U.S. auto sales are losing momentum after a springtime surge fueled by shoppers racing to buy cars before President Donald Trump's auto tariffs drove up prices.

Bloomberg

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Trump sees India trade deal, skeptical on progress with Japan

The United States could reach a trade deal with India that would help American companies compete in the South Asian country and leave it facing far lower tariffs, President Donald Trump said, while casting doubt on a possible deal with J...

Reuters

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U.S. sanctions on Sudan over alleged chemical weapons use take effect

U.S. sanctions on Sudan's government, imposed over what Washington says was the use by Khartoum's military of chemical weapons in the country's bloody civil war last year, have taken effect.

France 24

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EU prepared to accept U.S. universal tariff, seeks key exemptions

The European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of its exports, but wants the U.S. to commit to lower rates on key sectors.

Bloomberg

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Bessent expects flurry of trade deals as pressure increases

U.S. Treasury Secretary Scott Bessent discusses the July 9 deadline for trade deals and the potential to "spring back to the April 2 levels" on tariffs for countries that can't get a deal across the line.

Bloomberg

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U.S. ban on Mexican livestock imports devastates cattle farmers

The decision to halt all imports of livestock from Mexico by the United States is having a devastating impact on the livelihood of cattle farmers in the Mexican state of Chihuahua.

Al Jazeera

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Trump says he's not planning to extend July 9 global tariff deadline

U.S. President Donald Trump says he's not planning to extend the pause on global tariffs set to expire on July 9. Brian Schwartz, reporter for the Wall Street Journal, joins CBS News to discuss.

CBS News

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What Trump's looming global tariff deadline could mean for Americans

President Trump said he does not plan to extend the 90-day tariff pause he imposed for countries to negotiate trade deals. Trump also commented on a potential buyer for TikTok.

CBS America

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Canada drops digital services tax after Trump repeats trade threats

Canada has dropped its digital services tax to ‘advance broader trade negotiations’ with the United States. The announcement came hours after Fox News aired an interview with U.S. President Donald Trump, who said talks were off until Can...

CBC News

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How tariffs are affecting firework sales

Most fireworks come from China, but this year, some shipments were complicated by President Trump's tariffs.

CBS America

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Trump terminates trade talks with Canada ‘effective immediately’

U.S. President Donald Trump says he's terminating all trade talks with Canada, blaming it on the country's new digital services tax on technology companies.

CBC News

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Von der Leyen says EU is ready if U.S. trade talks break down

European Commission President Ursula von der Leyen said the European Union is prepared for all eventualities in its trade negotiations with the U.S., including for a breakdown in talks.

Bloomberg

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Furniture store owner says tariffs are forcing him to close

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. Tariffs are now threatening that. Ian Lee reports.

CBS America

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Hodge: Retailers overstocking to brace for potential tariffs

Chris Hodge, Chief U.S. Economist at Natixis CIB Americas, says the Fed should be cutting rates but is cautious due to tariff risks. He warns inflation may rise as restocking at higher costs begins.

CNBC

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U.S. and China move toward trade deal

President Donald Trump says the U.S. reached a trade deal with China, but details on the agreement remain vague. CBS News' Natalie Brand has more.

CBS News

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FedEx skips full forecast due to uncertainties

FedEx Corp. warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump's trade war continues to have on its bu...

Bloomberg