Federal Reserve warns of potential for long-term damage from tariffs

Stocks suffered their worst crisis since COVID in March 2020, as the Dow Jones plunged more than 2,200 points on Friday, over concerns about the fallout from President Trump’s tariffs. The NASDAQ and S&P lost nearly 6 percent. Posting on social media as he went golfing, the president called this “a great time to get rich.” But in a rare move, President Trump is calling on the Federal Reserve to cut interest rates. Fed chairman Jerome Powell warned on Friday that tariffs could do long-term harm to the economy.

• Apr 4
• 05:36

China announces retaliatory measures in response to Trump tariffs

China announced Friday it will hit the U.S. with a 34% across the board tariff on U.S. goods next week as the Trump administration's new reciprocal tariffs are set to take effect.

• Apr 4
• 02:28

Stocks down again after Trump’s sweeping tariffs

As Jarred Hill reports, the White House continues to promise the long-term gain will be worth it.

• Apr 4
• 02:26

Thousands pack Daley Plaza for "Hands Off!" protest against Trump

Hundreds of "Hands Off" protests were held around the country, taking aim at the Trump administration's cuts to the federal workforce, immigration policies, tariffs, and more.

• Apr 5

Stock market rout deepens as Dow plunges more than 2,200 points

Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.

• Apr 6

Stocks shudder again as China strikes back against Trump tariffs

Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.

• Apr 4

China fires back at Trump's tariffs with 34% levy on all U.S. imports

Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.

• Apr 4

Chicago area retailers, consumers concerned about effects of sweeping tariffs

It is not yet known how much more consumers will pay for nearly everything they buy.

• Apr 3

Stock markets plunge over Trump Tariffs, fueling fears of recession

President Trump’s sweeping tariff plan sent shockwaves through Wall Street, with the Dow Jones dropping more than 1,000 points in the first 30 seconds of trading on Thursday, fueling fears of a recession.

• Apr 3
• 02:58

Dow Jones plunges more than 1,400 points as stock market reacts to Trump tariff shock

The Dow Jones Industrial Average plunged over 1,400 points, or 3.5%, shortly after stock market trading opened Thursday in the wake of President Donald Trump announcing sweeping global tariffs Wednesday.

• Apr 3
• 00:42

Dow plunges more than 1,600 points as stocks recoil from tariff shock

Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.

• Apr 4

Countries worldwide weigh in on Trump’s tariffs announcement

President trump's new tariffs against more than 60 countries sent markets tumbling this morning in Asia. Top European union officials are calling them a "major blow" to the global economy.

• Apr 3
• 02:32

Stocks slide around the world as investors recoil from Trump tariffs

U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.

• Apr 3

Key moments, reaction to Trump's announcement of new tariffs

President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."

• Apr 2

Trump set to announce new tariffs, despite warnings of higher prices

President Trump is set to unveil his new tariffs plan on Wednesday, targeting a broad range of countries that tax U.S. goods, to be imposed immediately upon his announcement at the White House.

• Apr 2
• 02:02

Pres. Trump's so-called "Liberation Day" expected to bring sweeping round of new tariffs

President Trump is scheduled to announce details and implementation of new tariffs on Wednesday, a day he has named "Liberation Day," despite warnings from economists over increased prices.

• Apr 2
• 01:56

Trump announces new tariffs amid fears of higher prices

President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."

• Apr 2

Illinois among 23 states suing Trump administration over $11 billion in cuts at HHS

Illinois Attorney General Kwame Raoul is joining 22 other states and the District of Columbia in suing the Trump administration over sweeping cuts in public health funding. Raoul said President Trump was elected to make changes, but there are limits to his authority to cut spending.

• Apr 1
• 00:57

Trump planning more tariffs in growing trade war

President Trump has called Wednesday "Liberation Day," when he plans to impose tariffs on a wide number of products being imported into America. The president said the tariffs will raise revenue and incentivize companies to build in the U.S., but critics worry the tariffs will hurt Americans.

• Apr 1
• 02:01

Wisconsin voters wary of outside spending on Supreme Court race

Campaign funding smashed records, making it the most expensive judicial race in history.

• Apr 1

Trump's "Liberation Day" tariffs to be announced Wednesday; stocks tumble

Stocks tumbled and Wall Street braced for President Donald Trump to announce a fresh round of tariffs on April 2, which he has labeled "Liberation Day," and which are expected to cripple economic growth and reignite inflation.

• Apr 1
• 00:58

Judge extends block on Trump executive order targeting Chicago law firm

A federal judge has extended his temporary restraining order blocking parts of President Trump's executive order that targeted Chicago law firm Jenner & Block.

• Apr 1

Trump to announce new round of tariffs, what it means for consumers.

The president is set to announce the reciprocal tariffs during a rose garden event on Wednesday and that's just one part of new trade policies taking effect this week.

• Mar 31
• 02:10

SCOTUS seems to side with Catholic Charities in Wis. religious-rights case

The Supreme Court appears to be leaning toward a Catholic charitable organization pushing back against the state of Wisconsin in the latest religious rights case to come before the court.

• Mar 31

More of President Trump's tariffs to go into effect, including foreign cars, parts

CBS’s Natalie Brand reports it comes as a new CBS news poll shows more than half of Americans believe the president is not focusing enough on lowering prices.

• Mar 31
• 01:55

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