Trump tariffs are "negotiating strategy," Treasury chief Bessent says
White House spokeswoman Karoline Leavitt said President Trump's tariffs represented "the art of the deal."
Watch CBS News
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
White House spokeswoman Karoline Leavitt said President Trump's tariffs represented "the art of the deal."
The S&P 500, Dow and Nasdaq surged after President Trump said he was freezing his "reciprocal tariffs" for 90 days.
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."
One family said they were dismayed when the Social Security site said their disabled adult son was no longer receiving benefits.
The stock market shed gains after the Trump administration announced it was moving forward with stiff tariffs on Chinese imports.
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products. Beijing bristled at his latest threat.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
Hiring rebounded in March, signaling that the labor market remains resilient despite stronger economic headwinds.
Economists say that President Trump's wide-ranging new tariffs raise the risk of a recession or stagflation.
Job cuts more than tripled to 275,240 last month, a surge caused by mass layoffs of government workers by Elon Musk's DOGE.
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
On April 2, President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 90 nations.
Tony's Chocolonely is recalling some products after consumers reported finding "small stones" in the chocolate bars.